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

Your math figuring the discounts is right. But I don't have any idea what you're trying to do in the columns. Partly because when columns don't line up it's difficult to read. But also because I'm not making sense of the column headings. And something has to balance.

In other words, WHAT is wrong? The discounts are correct, but what is it telling you is wrong? Which figures and where?

If Judy sees a bill from Lot's feeding suplply for las months purchases and decides to pay it. She writes aout number 144 for the amount of $32.
Going into sales Jourdal or purchases Jourdal?

Gomezgirl, please start your own thread for your question. It's confusing having different questions in the same thread.