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Journalize the following transactions. 1. On May 12, X-tra Electronics sold 6 tablets at $150 each to BestBuy, credit terms 2/10, n/30. The tablets were
Journalize the following transactions. 1. On May 12, X-tra Electronics sold 6 tablets at $150 each to BestBuy, credit terms 2/10, n/30. The tablets were purchased earlier at $90 each. DATE ACCOUNT TITLES DEBIT CREDIT May 12 $ $ May 12 $ $ 2. On May 15, BestBuy returned 1 tablet, because it was defective. DATE ACCOUNT TITLES DEBIT CREDIT May 15 $ May 15 $ 3. On May 16, X-tra Electronics granted to BestBuy. a reduction of $20 in the price of 1 tablet that was of inferior specifications. DATE ACCOUNT TITLES DEBIT CREDIT May 16 $ $ 4. On May 19, X-tra Electronics received full payment from BestBuy (less any discounts if applicable). Before preparing the journal entry for this transaction answer the following questions: Compute the Accounts Receivable balance on May 19? (Type the amount) $ Compute the discount applicable if any (Leave it blank if there is no discount) $ Compute the cash received on May 19 (Type the amount) s Use the above answers to complete the journal entry DATE ACCOUNT TITLES DEBIT CREDIT May 19 $ $ $
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