May Sold 10 motors at a cost of $41 each to Scruffy Brothers Supply Company,...

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Accounting

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May Sold 10 motors at a cost of $41 each to Scruffy Brothers Supply Company, terms 4/10,n/30. The motors cost David $25 13 each. May 16 One defective motor was returned to David. May 23 Received payment in full from Scruffy Brothers. Journalize the May transactions for David Company (seller) assuming that David uses a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, eg. 5,275.) Date Account Titles and Explanation May 13 Accounts Receivable Soles (To record credit sale.) Mar 13 V Cost of Goods sold Imentory (To record cost of goods sold.) May 16 Sales Returns and Allowances: Accounts Receivable (To record goods returned.) May 16 Inventory Cost of Goods Sold (To record cost of noods returned.) Credit Questic Accountin Questic Actountin Questic Accountin submission can take up to 10 minutes

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