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On December 28, 20Y3, Silverman Enterprises sold $20,000 of merchandise to Beasley Co. with terms...

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Accounting

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On December 28, 20Y3, Silverman Enterprises sold $20,000 of merchandise to Beasley Co. with terms n/30. The cost of the goods sold was $10,900. On December 31, 20Y3, Silverman prepared its adjusting entries, yearly financial statements; and dosing entries. On January 3, 20Y4, Silverman Enterprises issued Beasley Co. a credit memo for returned merchandise. The invoice amount of the returned merchandise was $4,500 and the merchandise originally cost Silverman Enterprises $2,500. a. Joumalize the entries by Silverman Enterprises to record the December 28, 20Y3, sale. If an amount box does not require an entry, leave it blank. b. Journalize the entries by Silverman Enterprises to record the merchandise returned by Beasley Co, on January 3 , 20y4. If an amount box does not require an entry, leave it blank. c. Journatize the entry to record the receipt of the amount due by Beasiey Co. on January 7,20y4. If an amount box does not require an entry, leave it blank. 20Y4Jan.7

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