June 14 A debit memo was issued for $6,880.00 to Kawaski USA, for the return of one AU150 ULTRA 150 jet-ski. The body of the jet-ski was damaged during shipping. Kawasaki has agreed to accept the return. There are no freight charges. The AU150 was part of the June 6 purchase on account. Only one entry is required to properly record this transaction. Invoice Number: K4461. Debit Memo Number: DM601. Vendor Number: 24500.
June 14 A debit memo was issued for $6,880.00 to Kawaski USA, for the return of one AU150 ULTRA 150 jet-ski. The body of the jet-ski was damaged during shipping. Kawasaki has agreed to accept the return. There are no freight charges. The AU150 was part of the June 6 purchase on account. Only one entry is required to properly record this transaction. Invoice Number: K4461. Debit Memo Number: DM601. Vendor Number: 24500.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
June 14
A debit memo was issued for $6,880.00 to Kawaski USA, for the
return of one AU150 ULTRA 150 jet-ski. The body of the jet-ski
was damaged during shipping. Kawasaki has agreed to accept the
return. There are no freight charges. The AU150 was part of the
June 6 purchase on account. Only one entry is required to properly
record this transaction. Invoice Number: K4461. Debit Memo
Number: DM601. Vendor Number: 24500.
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