Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Tomas Company sold merchandise with a

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Journal Entries For Sale Return And Remittance Perpetual System On September 13 Tomas Company Sold Merchandise With A 1 (18.99 KiB) Viewed 10 times

Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Tomas Company sold merchandise with an invoice price of $1,200 (5600 costs with terms of 2/10, r/30, so Dalton Company. On September 17, $250 of the merchandise (180 coun was returned because it was the wrong model. On September 23, Tomas Company received a check for the amount due from Dalton Company Required Prepare the journal entries made by Tomas Company for these transactions. Tomas uses the perpetual inventory system. Round your answers to the nearest dollar. General Journal Description Date Sept. 13 13 17 Sold merchandise Dalton Company term/100 17 Cost of merchande sold to Dalton Company Merchandise returned by Daton Company Cost of merchandise returned by Delton Company 2 Remittance received from Catan Company 1 2 Debit Credit