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Record journal entries for the following transactions of Furniture Warehouse. A. Aug 3: Sold 11 couches at $600 each to
Posted: Sun Jul 03, 2022 3:58 pm
by answerhappygod
- Record Journal Entries For The Following Transactions Of Furniture Warehouse A Aug 3 Sold 11 Couches At 600 Each To 1 (18.09 KiB) Viewed 11 times
Record journal entries for the following transactions of Furniture Warehouse. A. Aug 3: Sold 11 couches at $600 each to a customer, credit terms 2/15, n/30, invoice date August 3; the couches cost Furniture Warehouse $120 each. B. Aug 8: Customer returned 2 couches for a full refund. The merchandise was in sellable condition at the original cost. C. Aug 15: Customer found 6 defective couches but kept the merchandise for an allowance of $900. D. Aug 18: Customer paid their account in full with cash. If an amount box does not require an entry, leave it blank. Assume the perpetual inventory system is used.