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Customer refund Senger Company sold merchandise of $11,500, terms n/30, to Burris Inc. on April...

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Accounting

Customer refund Senger Company sold merchandise of $11,500, terms n/30, to Burris Inc. on April 12. Burris paid Senger for the merchandise on May 12. On June 1, Senger paid Burris $460 for costs incurred by Burris to repair defective merchandise

. Question Content Area a. Journalize the entry by Senger Company to record the customer refund to Burris Inc. If an amount box does not require an entry, leave it blank.

June 1 Customer Refunds Payable

Cash

b. Assume that instead of paying Burris cash, Senger issued a credit memo to Burris to be used against Burriss outstanding account receivable balance. Journalize the entry by Senger Company to record the issuance of the credit memo. If an amount box does not require an entry, leave it blank.

June 1 Customer Refunds Payable

Accounts Receivable-Burris Inc.

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