How to journalize this question? Issued credit memo for 1,000 to Targhee Co. for damaged merchandise from sale on March 16. Mar. 16 Sold merchandise on account to Targhee Co. 27,500 terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was 16,000.
How to journalize this question? Issued credit memo for 1,000 to Targhee Co. for damaged merchandise from sale on March 16. Mar. 16 Sold merchandise on account to Targhee Co. 27,500 terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was 16,000.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 4E: Journalize the following transactions in general journal form. a. Bought merchandise on account from...
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How to journalize this question?
Issued credit memo for 1,000 to Targhee Co. for damaged merchandise from sale on March 16.
Mar. 16 Sold merchandise on account to Targhee Co. 27,500 terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was 16,000.
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