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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,...
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I can't seem to figure out how to journalize some information using the Perpetual inventory method. Here is the information. a) Sold merchandise on account, for $10,000. The cost of the merchandise sold was $4,500. b) Sold merchandise to customers who used MasterCard and VISA, $8,500. The... View more questions Search
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