Q-7 Evenflow had the following sales transactions in January. 05 marks January sold 100 units...
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Q-7 Evenflow had the following sales transactions in January. 05 marks January sold 100 units of inventory at $6 per unit. Cost of $4 per unit. The seller offered 3: credit terms of 2/10, 1/30. January Customer returned 20 units and received full credit. The units were returned to 16: inventory January Paid the amount in full, less the returned items 10: Prepare journal entries to record these transactions. Assume a perpetual inventory system
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