On March 10, the Stone Company sold merchandise listing for $3,000 to the Dill 20, Stone Company received a check for the amount due Required Record the journal entries made by Stone Company for these transactions Stone uses the periodic inventory system General al Description Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On March 10, the Stone Company sold merchandise listing for $3,000 to the Dillard Company, terms 1/10, n/30. On March 14, $200 worth of merchandise was returned because it was the wrong size. On March
20, Stone Company received a check for the amount due.
Required
Record the journal entries made by Stone Company for these transactions Stone uses the periodic inventory system
General Journal
Description
Date
Mar 10 Accounts Receivable
Cath
Sold merchandises Dund Company terms 1/16/30
14
Merchande returned by Dars Company
20 Cash
Remittance received from Dard Company
#
1
Debit
1.000
00
Credit
1.000
0
O
0
Transcribed Image Text:On March 10, the Stone Company sold merchandise listing for $3,000 to the Dillard Company, terms 1/10, n/30. On March 14, $200 worth of merchandise was returned because it was the wrong size. On March 20, Stone Company received a check for the amount due. Required Record the journal entries made by Stone Company for these transactions Stone uses the periodic inventory system General Journal Description Date Mar 10 Accounts Receivable Cath Sold merchandises Dund Company terms 1/16/30 14 Merchande returned by Dars Company 20 Cash Remittance received from Dard Company # 1 Debit 1.000 00 Credit 1.000 0 O 0
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