Question
Willys Wheels had the following transactions during the first eleven days of May: 1 Purchased 33 sets of tires from supplier on account at $260
Willys Wheels had the following transactions during the first eleven days of May:
1 Purchased 33 sets of tires from supplier on account at $260 each, terms of 3/10 n/30.
3 Returned 3 set of tires to supplier because the rubber was deteriorating.
9 Paid supplier the net amount owed for the tires, net of the discount.
10 Sold 3 sets of tires for $500 cash each.
11 One set of tires sold on the 10th was returned (can be resold), cash was refunded.
For the Journal entry on 5/10, what was the amount recorded for Sales Revenue Sold? (if the account was debited, enter as a positive number, if it was credited, enter as a negative number. Do not enter decimals.)
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