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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
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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