Chapter 5, Problem E5.21E

E5-21 Journalizing sales transactions

Learning Objective 3
Jan. 4 Sold $16,000 of antiques on account, credit terms ore n/30 Cost of goods is $8,000.
8 Received) SJOO sales return on damaged goods from the customer. Cost of goods damaged is $1$0.
13 Antique Mall received payment from the customer on the amount due from Jan. 4, less the return,
20 Sold $4,900 of antiques on account, credit terms are 1/10, n/45, FOB destination. Cost of goods is $2,450.
20 Antique Mall paid $70 on freight out,
29 Received payment from the customer on the amount due from Jan. 20, less the discount.