jwhensonsr
Jun 20, 2008, 07:17 AM
2/10, n/30 :confused:
COLO COMPANY
Sales Journal
AR Debit COGS
Inv. Trans. Sales Debit
Date Account Debited No. No. Credit Inv. Credit
May 2 Hensel Company 8785 83 4,100
16 Hensel Company 8786 84 1,890
22 Lee Services 8787 85 4,990
26 Crane Corp. 8788 86 8,230
31 Totals 19,210
I can not figure out the answers to the sales credit. This is what I come up with but it is wrong.
$4100 x 0.02= $82.00 sales credit
$1890 X 0.02=$ 37.80
$4990 x 0.02= $99.80
$8230 x 0.02= $164.60
COLO COMPANY
Sales Journal
AR Debit COGS
Inv. Trans. Sales Debit
Date Account Debited No. No. Credit Inv. Credit
May 2 Hensel Company 8785 83 4,100
16 Hensel Company 8786 84 1,890
22 Lee Services 8787 85 4,990
26 Crane Corp. 8788 86 8,230
31 Totals 19,210
I can not figure out the answers to the sales credit. This is what I come up with but it is wrong.
$4100 x 0.02= $82.00 sales credit
$1890 X 0.02=$ 37.80
$4990 x 0.02= $99.80
$8230 x 0.02= $164.60