Create a general journal. June 4 Sold merchandise on account to...

90.2K

Verified Solution

Question

Accounting

Create a general journal.

June 4 Sold merchandise on account to T. Allen, $1,500 plus 6% sales tax, with 1/10, n/30 cash discount terms.
7 Sold merchandise on account to K. Bryant, $1,800 plus 6% sales tax, with 1/10, n/30 cash discount terms.
11 T. Allen returned merchandise totaling $300 from the June 4 sale, for credit.
14 T. Allen paid the balance due from the June 4 sale, less discount.
17 K. Bryant paid the balance due from the June 7 sale, less discount.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students