Create a table and record journal entries for the buyer and seller. Be sure toinclude a break in between buyer and seller.June Black Clover sold merchandise for $11,770 that cost $7,745 to Cowboy Bebop,3/15, n 30, FOB Shipping.15Cowboy Bebop paid shipping costs of $755.June16June20June25Black Clover accepted a return of $2,770 that cost $610.Cowboy Bebop paid the invoice within the discount period.

Lets understand the basics.The journal entries are prepared to record the transactions on regular…

June 15 June 16 June 20 June 25 Black Clover sold merchandise for $11,770 that cost $7,745 to Cowboy Bebop, 3/15, n 30, FOB Shipping. Cowboy Bebop paid shipping costs of $755. Black Clover accepted a return of $2,770 that cost $610. Cowboy Bebop paid the invoice within the discount period.

June 15 June 16 June 20 June 25 Black Clover sold merchandise for $11,770 that cost $7,745 to Cowboy Bebop, 3/15, n 30, FOB Shipping. Cowboy Bebop paid shipping costs of $755. Black Clover accepted a return of $2,770 that cost $610. Cowboy Bebop paid the invoice within the discount period.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Create a table and record journal entries for the buyer and seller. Be sure to
include a break in between buyer and seller.
June Black Clover sold merchandise for $11,770 that cost $7,745 to Cowboy Bebop,
3/15, n 30, FOB Shipping.
15
Cowboy Bebop paid shipping costs of $755.
June
16
June
20
June
25
Black Clover accepted a return of $2,770 that cost $610.
Cowboy Bebop paid the invoice within the discount period.

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