Homework Answers
Answer
| Date | General Journal | Debit | Credit |
| 01-Dec | Accounts receivables | $17,300 | |
| Sales Revenue | $17,300 | ||
| (to record sales on account) | |||
| 01-Dec | Cost of Goods Sold | $12,600 | |
| Merchandise Invebtory (or Inventory) | $12,600 | ||
| (to record cost of goods sold) | |||
| 06-Dec | Cash | $16,954 | |
| Sales Discount ($17300 x 2%) | $346 | ||
| Accounts receivables | $17,300 | ||
| (to record payment being received) |
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