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w9 p q 1 Presented below are selected transactions of Windsor Company. Windsor sells in large quantities to other companies and also sells its product
w9 p q 1
Presented below are selected transactions of Windsor Company. Windsor 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 $12,800, terms 5/10, n/30. 3 Dodson Company returned merchandise worth $600 to Windsor. 9 Windsor collected the amount due from Dodson Company from the March 1 sale. 15 Windsor sold merchandise for $300 in its retail outlet. The customer used his Windsor credit card. 31 Windsor added 2.00% 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit March 1 March 3 March 9 March 15 March 31Step by Step Solution
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