Question: Journalize, record, and post when appropriate the following transactions in the general journal (all sales carry terms of 1/10, n/30): 201X May 16 Sold merchandise

Journalize, record, and post when appropriate the following transactions in the general journal (all sales carry terms of 1/10, n/30):

201X

May 16 Sold merchandise on account to Pearl Co., invoice no. 1, $900.

18 Sold merchandise on account to Glenda Co., invoice no. 2, $1,900.

20 Issued credit memorandum no. 1 to Glenda Co. for defective merchandise, $710.

Use the following account numbers: Accounts Receivable, 112; Sales, 411; Sales Returns and Allowances, 412.


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