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View transaction list Journal entry worksheet < 1 2 3 4 Record Mesa Wholesalers sale of merchandise as is (with no return
View transaction list Journal entry worksheet < 1 2 3 4 Record the cost of the goods sold to Santa Fe, $16,000. Note: Enter d
View transaction list Journal entry worksheet Record Mesas receipt of payment from Santa Fe within eriod Note: Enter debits
Journal entry worksheet < 1 2 3 4 Record Mesas receipt of payment from Santa Fe after the discount period. Note: Enter debit
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Answer #1
General Journal Debit Credit
a-1 Accounts receivable 24000
     Sales 24000
a-2 Cost of goods sold 16000
      Merchandise inventory 16000
b Cash 23280
Sales discounts 720 =24000*3%
       Accounts receivable 24000
c Cash 24000
       Accounts receivable 24000
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