Question
Walmart Company uses the Perpetual Inventory system and had the following transactions during the month of April: April. 2 Sold merchandise to Kyle for $5,200,
Walmart Company uses the Perpetual Inventory system and had the following transactions during the month of April:
April. 2 Sold merchandise to Kyle for $5,200, terms of 2/15, n/30. Cost of these units was $3,200.
April. 4 Kyle returned $350 of merchandise purchased on April. 2. Cost of these returned items was $250.
April. 13 Collected the amount due from Kyle
Required: Prepare the journal entries for each of these 3 transactions
GENERAL JOURNAL
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Authors: Auditor Gift
1st Edition
1656655861, 978-1656655868
