Question
what type of journal entries these are 1) Nov1 Business sold $7560 inventory to Tim's Inc., the cost is $3200. Terms 2/5, n/15 FOB 2)
what type of journal entries these are
1) Nov1 Business sold $7560 inventory to Tim's Inc., the cost is $3200. Terms 2/5, n/15 FOB
2) Nov1 Business purchased $5,250 of inventory from TTC's Inc. Terms 3/10, n/20 FOB
3) Nov2 Business paid delviery $450 for the inventory sales to Tim's Inc.
4) Nov3 Business purchased $3310 of inventory from LGC's Inc. paid in cash
5) Nov4, Business issued a debit memo to TTC's Inc. and returned defective $525 inventory back to TTC's Inc.
6) Nov6 Business Received Tim's Inc's money.
7) Nov9 business sold inventory $7730 (cost $2,350 ) to TST's Ltd, Terms: 1/5, n/10, FOB
8) Nov11 Business paid the TTC's Inc. in full.
9) Nov30 Received TST's Ltd money in full
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