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thumb up to who can help, thank you in advance On March 10, Sugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for
thumb up to who can help, thank you in advance
On March 10, Sugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for $6,000. Sugimoto's cost is $1 per box. Payment terms are 1/5,n/30. Shipping terms are FOB Destination. Prepare the journal entry to record Wong's purchase. DR: CR: Prepare the journal entry to record Sugimoto's sale. DR: CR: DR: CR: Account name examples: Inventory Accounts Receivable Cost of Goods Sold Revenue Sales Returns and Allowances Accounts Payable Cost of Goods Sold Shipping Expense or Freight Expense Loss on Defective MerchandiseStep by Step Solution
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