Hello I am new to this site. I am currently working on an accounting project for peachtree 2012 using a perpetual inventory system. My instructor has given the class a journal entry sheet preparation for peachtree entries. I have several problems that I need help with to get me started. Here are a few for suport if you can kindly help me solve:

Jan 2 issue a 175 credit memorandum to knott co for defecti ve (worthless merchandise sold on dec 28 and returned for credit. The total selling price (gross) was 4,725. Apply to invoice named dec 28.

Jan 3 received a 798 credit memorandum from parker products for the return of merchandise purchased on dec 29. Apply to invoice name dec 29.