Question

Journalize the following sales transactions for Paul Sportswear. Explanations are not required.
Aug. 1 Paul sold $66,000 of women's sportswear on account, credit terms are 2/10, n/30. Cost of goods is $33,000.
5 Paul received a $5,000 sales return on damaged goods from the customer. Cost of goods damaged is $2,500.
10 Paul receives payment from the customer on the amount due, less the return and discount.


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  • CreatedJune 12, 2015
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