Journal Entries for Sale, Return, and Remittance-Periodic System On June 8, James Company sold merchandise listing for $

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Journal Entries For Sale Return And Remittance Periodic System On June 8 James Company Sold Merchandise Listing For 1 (16.52 KiB) Viewed 14 times

Journal Entries for Sale, Return, and Remittance-Periodic System On June 8, James Company sold merchandise listing for $1,850 to Dalton Company, terms 3/10, n/30. On June 12, $550 worth of the merchandise was returned because it was the wrong color. On June 18, James Company received a check for the amount due. Required Record the journal entries made by james Company for these transactions, james uses the periodic inventory system General Journal Description Date June 12 Sold merchandne to Dalton Company terms 3/10/30 Merchandise returned by Dalton Company 18 Cash Remittance received from Dalton Company # # Debit Credit