Question

O’Kemo Designs reported the following transactions in November:
Nov 8 Sold merchandise on account to Tina Balise, $650, terms 2/10, n/30.
15 Sold merchandise on account to Holyoke Glass, $1,800, terms 2/10, n/30.
16 Holyoke Glass returned $500 of the merchandise purchased on Nov 15.
17 Collected payment from Tina Balise for the Nov 8 sale.
24 Collected payment from Holyoke Glass for the balance of the Nov 15 sale.

Requirements
1. Record the foregoing transactions in the journal of O’Kemo Designs.
2. Prepare a computation of net sales for the month of November.



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  • CreatedJuly 25, 2014
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