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On March 9, Modern Kitchens, a retail store, received Credit Memorandum 244 for $3,420 from...

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Accounting

On March 9, Modern Kitchens, a retail store, received Credit Memorandum 244 for $3,420 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.

Record for the credit memo received for damaged merchandise.

Note: Enter debits before credits.
Date General Journal Debit Credit
March 09, 2019

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