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The following transactions of Linens and Things occurred in July. DATE TRANSACTIONS July 5 Accepted a return of damaged merchandise from Terri McDonald, a credit
The following transactions of Linens and Things occurred in July. DATE TRANSACTIONS July 5 Accepted a return of damaged merchandise from Terri McDonald, a credit customer; issued Credit Memorandum 301 for $864, which includes sales tax of $64; the original sale was made on Sales Slip 1610 of June 30 . 21 Gave an allowance to Robert Lynch, a credit customer, for merchandise that was slightly damaged but usable; issued Credit Memorandum 302 for $1188, which includes sales tax of $88; the original sale was made on Sales Slip 1663 of July 17. Prepare journal entries to record the above transactions. Journal entry worksheet Record the allowance given for damaged merchandise. Note: Enter debits before credits
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