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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Journal Entries for Sale, Return, and Remittance-Periodic System
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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.
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Required
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Record the journal entries made by Sharon Company for these transactions. Sharon uses the periodic inventory system.
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| General Journal | |||||
|---|---|---|---|---|---|
| Date | Description | Debit | Credit | ||
| Mar. | 10 | Â | |||
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