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The following are selected transactions of Cheyenne Company. Cheyenne sells in large quantities to other companies and also sells its product in a small
The following are selected transactions of Cheyenne Company. Cheyenne sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. 3 Dodson Company returned merchandise worth $100 to Cheyenne. 9 Cheyenne collected the amount due from Dodson Company from the March 1 sale. 15 Cheyenne sold merchandise for $400 in its retail outlet. The customer used his Cheyenne credit card. 31 Cheyenne added 2.0% monthly interest to the customer's credit card balance. Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit March 9
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