Question

Denver Interiors reported the following transactions in July:
Jul 2 Sold merchandise on account to Kara Elsworth, $450, terms 2/10, n/30.
10 Sold merchandise on account to Sedalia Bradley, $2,500, terms 2/10, n/30
11 Collected payment from Kara Elsworth for the Jul 2 sale.
15 Bradley returned $350 of the merchandise purchased on Jul 10.
19 Collected payment from Sedalia Bradley for the balance of the Jul 10 sale.

Requirements
1. Record the foregoing transactions in the journal of Denver Interiors.
2. Prepare a computation of net sales for the month of July.



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  • CreatedJuly 25, 2014
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