Question

Journalize the following transactions for the Prado Company:
Oct. 8 Sold $ 9,200 of merchandise to Zen, Inc., on account, terms 2 10, n 60. The merchandise had a cost of $ 6,000.
Oct. 10 Zen, Inc. returned some of the merchandise, receiving an $ 800 credit from Prado Company. The merchandise, which originally cost Prado $ 500, was put back into inventory.
Oct. 23 Received payment from Zen, Inc., for the merchandise purchased on October 8, less the return and any appropriate discount.


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  • CreatedMarch 25, 2015
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