May 31 Powell paid the amount due from the May 1 purchase, minus the May...
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May Powell paid the amount due from the May purchase, minus the May return. June Powell sold merchandise for $ with credit terms Cost of the merchandise is $ June The customer discovers some of the units are scratched. Powell gives a price reduction allowance credits the customer's accounts receivable for $ to compensate for the scratches. June Powell received payment for the amount due from the June sale less the June allowance. Journal entry worksheet May Record Powell's purchase of merchandise with a price of $ and credit terms of Note: Enter debits before credits. 
May Powell paid the amount due from the May purchase, minus the May return.
June Powell sold merchandise for $ with credit terms Cost of the merchandise is $
June The customer discovers some of the units are scratched. Powell gives a price reduction allowance
credits the customer's accounts receivable for $ to compensate for the scratches.
June Powell received payment for the amount due from the June sale less the June allowance.
Journal entry worksheet
May Record Powell's purchase of merchandise with a price of $ and credit
terms of
Note: Enter debits before credits.
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