Question

On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $3,570 on Invoice 1001, terms 1/10, n/30. The cost of merchandise sold was $2,140. Payment was received in full from Fronke's Franks, less discount, on April 10. Record the transactions for Moloney Meat Distributors on April 1 and April 10. The company uses the perpetual inventory system. (Round final answers to the nearest whole dollar value.) View transaction list Journal entry worksheet On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $3,570 on Invoice 1001, terms 1/10, n/30. Note: Enter debits before credits. General Journal Debit Credit Date April 01, 2019 |Accounts receivable/Fronke's Franks 3,570 Sales 3,570 Record entry Clear entry View general journal

Answer 1

pate coedit & Goncocel Journal Debit & Accounts receivable / Famkels Franks AkDO ) 3,570 TO Scales ALC 2019 3570 9. Coldits) pale Debit & 2,119 21 Genoel Toconal Saces descocot AK DO (2,140X001) Cash AC TO Accounts receivable Alc. Apollo 2019 2,140 Coedit ($) I Dale Gencel Toonel April 10, Cash AK DO 2019 | Sales Discount AIC DO (3570x 0-01) 70 Accounts receivable Alc bebit ($) 3,534-38 36-30 3,970