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Dec 1 sold merchandise on credit for 5,000, terms 3/10, n/30. The items sold had a cost of 3,500 Dec 3 purchased merchandise for cash 720 Dec 4 purchased merchandise on credit for 2600 terms 1/20, n/30 Dec 5 issused a credit memorandum for 300 to a customer who returned merchandise...
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This is my first time here. I have issues with perpetual systems!
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:confused: Okay, this accounting class is not fun anymore! I would suggest to anyone, not to do online college with accounting. At least for me, it would help to actually have someone explain and show it to me. Anyway, I posted on my blackboard to no answers, have an assignment due tomorrow. ...
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Apr 2. Britt received an $18,000 invoice from one of its suppliers. Terms were 2/10 n/30, FOB shipping Point. Britt paid the freight bill amounting to $2,000. 4.Britt returned $2,500 of the merchandise billed on April 2 because it was defective. 5. Britt sold $8,000 of merchandise on account,... View more questions Search
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