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Category > Management Posted 08 Apr 2018 My Price 4.00

Sharon Company

Journal Entries for Sale, Return, and Remittance-Periodic System

 

On March 10, the Sharon Company sold merchandise listing for $2,200 to the Dillard Company, terms 2/10, n/30. On March 14, $500 worth of merchandise was returned because it was the wrong size. On March 20, Sharon Company received a check for the amount due.

 

Required

 

Record the journal entries made by Sharon Company for these transactions. Sharon uses the periodic inventory system.

 

General Journal
Date Description Debit Credit
Mar. 10  
   
     
   
         
     
   
     
   
         
         
     
   
     
   

Answers

(5)
Status NEW Posted 08 Apr 2018 06:04 AM My Price 4.00

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