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On April 17, New World Appliances was given an allowance of $1,075 by Upscale Kitchens,...

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Accounting

On April 17, New World Appliances was given an allowance of $1,075 by Upscale Kitchens, which issued Credit Memorandum 112. The allowance was for scratches on stoves that were originally purchased on Invoice 911 dated March 20. Prepare the general journal entry that New World Appliances would make for this transaction.

Record the entry for the credit memo received for the damaged merchandise.

Note: Enter debits before credits.
Date General Journal Debit Credit
April 17, 2019

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