Pete Morse returned $300 of merchandise to Logan Co. The original sale was for $1,000 of merchandise,

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Pete Morse returned $300 of merchandise to Logan Co. The original sale was for $1,000 of merchandise, plus PST of $80 (8%) and GST of $50 (5%). What entry would the buyer (Morse) and seller (Logan) make regarding this return?

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College Accounting A Practical Approach

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Question Posted: Feb 23, 2016 06:07 AM

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Pete Morse returned $300 of merchandise to Logan Co. What would be the journal entry on the books of both the buyer and the seller?
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Pete Morse returned $300 of merchandise to Logan Co. The original sale was for $1,000 of merchandise,

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College Accounting A Practical Approach

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