Question

On November 14, 2012, Willy’s Car Repair, Inc., sold $3,200 of inventory (cost is $1,000) on account to one of its customers. The terms were 3/10, n/30, FOB destination. On November 16, Willy’s Car Repair, Inc., paid freight charges of $65 related to the delivery of the goods sold on November 14. On November 20, $600 of goods (cost is $185) were returned by the customer. On November 23, Willy’s Car Repair, Inc., received payment in full from the customer.

Requirement
1. Journalize all necessary transactions for Willy’s Car Repair, Inc. Omit explanations.



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  • CreatedApril 29, 2014
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