Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on june 12, crane company returned $730 of merchan

On June 12, Crane Company returned $730 of merchandise previously purchased from Larkspur Produce on...

80.2K

Verified Solution

Question

Accounting

On June 12, Crane Company returned $730 of merchandise previously purchased from Larkspur Produce on account. Prepare the journal entry to record the return on Crane Company's books. Crane uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) Date Account Titles and Explanation Jun. 4 Debit Credit
image
On June 12, Crane Company returned $730 of merchandise previously purchased from Larkspur Produce on account. Prepare the journal entry to record the return on Crane Company's books. Crane uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Ais saving for her retirement and contributes $1000 to his accountat the end of...Ais...

Biology
1.2K views

Introduction TO ECOLOGY Define ecology and state in one sentence, its importance for understanding the environment. List biotic and...

Physics
1.2K views

A violin string 20.0 cm long with mass 4.8 g and tension 48 N, fixed at...

Advance Math
1.2K views

Four sophomores, five juniors and six seniors have volunteered to serve on a committee consisting of...

Physics
1.2K views

A microscope has an objective of focal length 0 5 cm and an eye piece...

Basic Math
1.2K views

Classify the two given samples as independent or dependent.Sample 1:The average test scores of 50...

Accounting
1.2K views

Arrasmith Corporatipn uses customers served as its measure of activity. During Febiruary the company buegeted...

Accounting
1.2K views

Required Information [The following information applies to the questions displayed below.] Dis. Glenn Feltham and...

Accounting
1.2K views

A project requires an investment of 300,000. It has a return of 40,000 at the...

Accounting
1.2K views

i X - More Info Dec. 1 Williamson contributed $45,000 cash to the business...

Accounting
1.2K views

La siguiente informacin de los estados financieros es para una empresa inversora y una empresa...

Finance
1.2K views

1-10 The Hoskins family spends $600 per month on groceries for their family. If this...