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peteyflavor
Jan 19, 2011, 05:05 PM
How would you record journal entries for the following:
1. sold shoes on account to judy for $6,000. Cost of the shoes sold is $4,400
2. paid salaries to employees for the first month, $2000
3. sold shoes to a chemical factory for $66,000 cash. Cost of the shoes sold is $38,500.
4. some shoes were returned by the chemical factory. The selling price and cost of the returned shoes is $6000 and $3500 respectively

Just Looking
Jan 19, 2011, 06:47 PM
I'm sorry but we don't just give out answers here. If you'd like to try the entries, we will check them for you. If you have a specific question, we will help you. Thanks.

https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html