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Your answers should be DEBIT - Account Name - Dollar Amount and CREDIT - Account Name - Dollar Amount. For each journal entry, the number
Your answers should be DEBIT - Account Name - Dollar Amount and CREDIT - Account Name - Dollar Amount. For each journal entry, the number of boxes/rows represents the number of total rows needed for the journal entry. Tony Stark uses a perpetual inventory system. Tony uses the net method to record sales discounts. On October 1, Tony Stark sells merchandise to Black Widow, with credit terms 2/10, n/30. The selling price of the merchandise was $10,000. The cost of the merchandise sold was $7,000. On October 5, Black Widow returned $600 of the merchandise to Tony Stark. The cost of the returned merchandise is $250. On October 8, Black Widow paid Tony Stark the balance due. Prepare Tony Stark's October 8 journal entry
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