Journal Entries for Sale, Return, and Remittance-Perpetual SystemOn September 13, Brady Company sold merchandise with an invoice price of $1,200(900 cost), with terms of 2/10, n/30, to Dalton Company. On September 17, $180 of the merchandise ($130 cost) was returned because it was the wrong model. On September 23, Brady Company received a check for the amount due from Dalton Company.RequiredPrepare the journal entries made by Brady Company for these transactions. Brady uses the perpetual inventory system. Round your answers to the nearest dollar.//Comment: the second pic has the options to chose from for description On Septer($130 cost) was returned because it wasRequiredPrepare the journal entries made by BrGenerDateSept. 13131717DescriptionAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales RevenueMerchandise returned by Dalton Business CourseQuestion Z Not completeDateSept. 13Journal Entries for Sale, Return, and Remittance-Perpetual SystemOn September 13, Brady Company sold merchandise with an invoice price of $1,200 ($9($130 cost) was returned because it was the wrong model. On September 23, Brady CoRequiredPrepare the journal entries made by Brady Company for these transactions. Brady usesGeneral Journal131717Marked out of 2.50CheckDescriptionSold merchandise to Dalton Company terms 2/10, n/30.==Cost of merchandise sold to Dalton Company.Merchandise returned by Dalton Company.PFlag questionCost of merchandise returned by Dalton Company.23 CashType here to searchRemittance received from Dalton Company.++++O→+→→++TIDebitOO000OO0000OO00OOO00CreditH0000OO000OO00OO00

Introduction:-The official record-keeping entries used in the accounting system to record and…

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FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Brady Company sold merchandise with an invoice price of $1,200(900 cost), with terms of 2/10, n/30, to Dalton Company. On September 17, $180 of the merchandise ($130 cost) was returned because it was the wrong model. On September 23, Brady Company received a check for the amount due from Dalton Company. Required Prepare the journal entries made by Brady Company for these transactions. Brady uses the perpetual inventory system. Round your answers to the nearest dollar. //Comment: the second pic has the options to chose from for description

On Septer
($130 cost) was returned because it was
Required
Prepare the journal entries made by Br
Gener
Date
Sept. 13
13
17
17
Description
Accounts Receivable
Cash
Cost of Goods Sold
Inventory
Sales Discounts
Sales Returns and Allowances
Sales Revenue
Merchandise returned by Dalton

Business Course
Question Z Not complete
Date
Sept. 13
Journal Entries for Sale, Return, and Remittance-Perpetual System
On September 13, Brady Company sold merchandise with an invoice price of $1,200 ($9
($130 cost) was returned because it was the wrong model. On September 23, Brady Co
Required
Prepare the journal entries made by Brady Company for these transactions. Brady uses
General Journal
13
17
17
Marked out of 2.50
Check
Description
Sold merchandise to Dalton Company terms 2/10, n/30.
=
=
Cost of merchandise sold to Dalton Company.
Merchandise returned by Dalton Company.
PFlag question
Cost of merchandise returned by Dalton Company.
23 Cash
Type here to search
Remittance received from Dalton Company.
+++
+
O
→
+
→
→
+
+
TI
Debit
OO
0
0
0
OO
0
0
0
0
OO
0
0
OOO
0
0
Credit
H
0
0
0
0
OO
0
0
0
OO
0
0
OO
0
0

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