Issued Credit Memo for Merchandise Returned
Issued credit memo for 4800 to Targhee Co. Issued a credit memo for returned merchandise that was sold for 11400 terms n30. Solved Journalize The Following Transactions A Issued Chegg Com Date particulars post reference amount dr amount cr 03-jul accounts receivables sales of goods on credit 3750 sales 3750 03-jul cost of goods sold cost of goods sold booked 2000 inventories 2000 05-jul sales sales return recorded 1050 accounts receivables 1050 05-jul inventories cost of goods sold reversed 610 cost of goods. . December 7 Issued credit memo CM202 to Marshal Motors 10900 for 900 worth of merchandise returned. In a perpetual inventory system when merchandise is returned to the seller Cost of Merchandise Sold is debited as part of the transaction. Issued a credit memo for returned merchandise that was sold for 11200 terms n30 The cost of the merchandise returned was 6720. What is the amount of gross profit earned by Abbey Co....