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Record the following transactions on the books of Ivanhoe Co. (Omit cost of goods sold...

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Question

Accounting

Record the following transactions on the books of Ivanhoe Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

(a) On July 1, Ivanhoe Co. sold merchandise on account to Stacey Inc. for $ 24,410, terms 3/10, n/30.
(b) On July 8, Stacey Inc. returned merchandise worth $ 4,410 to Ivanhoe Co.
(c) On July 11, Stacey Inc. paid for the merchandise.

Date

Account Titles and Explanation

Debit

Credit

Choose a transaction date July 1July 8July 11

Enter an account title

Enter a debit amount

Enter a credit amount

Enter an account title

Enter a debit amount

Enter a credit amount

Choose a transaction date July 1July 8July 11

Enter an account title

Enter a debit amount

Enter a credit amount

Enter an account title

Enter a debit amount

Enter a credit amount
Choose a transaction date July 1July 8July 11

Enter an account title

Enter a debit amount

Enter a credit amount

Enter an account title

Enter a debit amount

Enter a credit amount

Enter an account title

Enter a debit amount

Enter a credit amount

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