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  • Nov 30, 2008, 11:31 AM
    Kcchiefs88
    Journal Entry
    What journal entry would I make for this transaction... Kansas Co issued a $175 credit memorandum to Adams Co for defective merchandise sold and returned for credit.
  • Dec 2, 2008, 05:12 PM
    setoccia

    Accounts Payable Cr. 175.00
    Kansas Dr. 175.00
  • Dec 3, 2008, 08:41 AM
    DFK

    DR. Accounts Payable
    CR. Expense
  • Dec 21, 2008, 09:15 PM
    pready

    Debit Sales Returns and Allowances for the amount
    Credit Accounts Receivable for the amount.

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