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    rose_fleure's Avatar
    rose_fleure Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 2, 2007, 07:16 PM
    Journal entry for perpetual system
    Returned merchandise to the company and accepted credit agaianst future purchases. Its cost, net of the discount, was $792

    Which accounts are affected> thank you.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Nov 3, 2007, 04:02 PM
    Dr. AR/Store Credit 792
    Cr. Inventory 792
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