The following are selected transactions of Whispering Winds Company. Whispering Winds sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 3 9 15 Sold merchandise on account to Dodson Company for $11,000, terms 6/10, n/30. Dodson Company returned merchandise worth $500 to Whispering Winds Whispering Winds collected the amount due from Dodson Company from the March 1 sale Whispering Winds sold merchandise for $2.250 in its retail outlet. The customer used his Whispering Winds credit card. 31 Whispering Winds added 1.6% monthly interest to the customer's credit card balance. Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations) (Credit account titles are ally #fon entry is required select "No Entry for the account titles
The following are selected transactions of Whispering Winds Company. Whispering Winds sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 3 9 15 Sold merchandise on account to Dodson Company for $11,000, terms 6/10, n/30. Dodson Company returned merchandise worth $500 to Whispering Winds Whispering Winds collected the amount due from Dodson Company from the March 1 sale Whispering Winds sold merchandise for $2.250 in its retail outlet. The customer used his Whispering Winds credit card. 31 Whispering Winds added 1.6% monthly interest to the customer's credit card balance. Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations) (Credit account titles are ally #fon entry is required select "No Entry for the account titles
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 4PB: The following transactions relate to Khan, Inc., a sporting goods wholesaler, during November of...
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