Journalizing sales transactions—perpetual inventory [10 min]
Suppose Piranha.com sells 2,500 books on account for $15 each (cost of these books is $22,500) on October 10, 2012. One hundred of these books (cost $900) were damaged in shipment, so Piranha.com later received the damaged goods as sales returns on October 13, 2012. Then the customer paid the balance on October 22, 2012. Credit terms offered to the customer were 2/15, net 60.
Requirement
1. Journalize Piranha.com’s October 2012 transactions.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.