Journalize the following transactions for Miller Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. September 2 Sold goods costing $6,600 to Long Company for cash, $11,000. September 8 Long Company returned undamaged merchandise, purchased on September 2, for a cash refund, $1,380. Date Account Title Debit Credit

Journalize the following transactions for Miller Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. September 2 Sold goods costing $6,600 to Long Company for cash, $11,000. September 8 Long Company returned undamaged merchandise, purchased on September 2, for a cash refund, $1,380. Date Account Title Debit Credit

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 5PB

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