On March 19, Modern Kitchens, a retail store, received Credit Memorandum 244 for $4,270 from...

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Accounting

On March 19, Modern Kitchens, a retail store, received Credit Memorandum 244 for $4,270 from J & M Appliance Corporation. The credit memorandum covered a return of damaged trash compactors originally purchased on Invoice 4101 dated February 3. Prepare the general journal entry that Modern Kitchens would make for this transaction.
Answer is complete but not entirely correct.
\table[[No,Date,General Journal,,Debit,Credit],[1,March 19,Sales returns and allowances,x,2,270,],[,,Accounts payable/J & M Appliance Corporation,x,,2,270
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