Current Attempt in Progress The following are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. 3 Dodson Company returned merchandise with a sales price of $100 to Pina. Pina collected the amount due from Dodson Company from the March 1 sale. Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card. Pina added 1.2% monthly interest to the customer's credit card balance. 9 15 31 Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Current Attempt in Progress The following are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. 3 Dodson Company returned merchandise with a sales price of $100 to Pina. Pina collected the amount due from Dodson Company from the March 1 sale. Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card. Pina added 1.2% monthly interest to the customer's credit card balance. 9 15 31 Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
4.
Subject :- Accounting
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are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the
problem.)
Date
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Account Titles and Explanation
Debit
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Transcribed Image Text:Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles
are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the
problem.)
Date
<
<
<
Account Titles and Explanation
Debit
Cr

Transcribed Image Text:Current Attempt in Progress
The following are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its
product in a small retail outlet.
March 1
3
9
15
31
Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30.
Dodson Company returned merchandise with a sales price of $100 to Pina.
Pina collected the amount due from Dodson Company from the March 1 sale.
Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card.
Pina added 1.2% monthly interest to the customer's credit card balance.
Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles
are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the
problem.)
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