Journal Entry

crazyitalian143 · #1 Apr 16, 2007, 06:45 AM

50 items were returned.. $200 sales price. that would 10,000

so i am going to

Cr Return Merchandise 10000
Dr Cash 10000

Smith21000 · Apr 16, 2007, 09:38 AM

Your missing something! You did get the inventory back right.



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!