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Your answer is correct. Prepare journal entries for Marigold to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020,
Your answer is correct. Prepare journal entries for Marigold to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (3) any adjusting entries required on March 31, 2020 (when Marigold prepares financial statements). Marigold believes the original estimate of returns is correct. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit (1) cash 10200 C 10200 T Sales Revenue To record cash sales) Cost of Goods Sold Invento 5600 (To record cost of goods sold) (2) Sales Returns and Allowan Accounts Payable ES Your answer is partially correct. Try again. Indicate the income statement and balance sheet reporting by Marigold at March 31, 2020, of the information related to the Barr sales. (List Assets in order of liquidity.) Income Statement (partial) For the Quarter Ended March 31, 2020: 10200 Sales Revenue Less Sales Returns and Allowan Net Sales Cost of Goods Sold Gross profil Balance Sheet (partial) wach 31 Sales Revend Accounts Receivable Your answer is correct. Prepare journal entries for Marigold to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (3) any adjusting entries required on March 31, 2020 (when Marigold prepares financial statements). Marigold believes the original estimate of returns is correct. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit (1) cash 10200 C 10200 T Sales Revenue To record cash sales) Cost of Goods Sold Invento 5600 (To record cost of goods sold) (2) Sales Returns and Allowan Accounts Payable ES Your answer is partially correct. Try again. Indicate the income statement and balance sheet reporting by Marigold at March 31, 2020, of the information related to the Barr sales. (List Assets in order of liquidity.) Income Statement (partial) For the Quarter Ended March 31, 2020: 10200 Sales Revenue Less Sales Returns and Allowan Net Sales Cost of Goods Sold Gross profil Balance Sheet (partial) wach 31 Sales Revend Accounts Receivable
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