Prepare entries in general journal form to record the following: June 12 Sold merchandise on account to
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Prepare entries in general journal form to record the following:
June 12 Sold merchandise on account to K. Perrot; terms n/30; $1,740.
July 12 Received $740 in cash from K. Perrot and a 60-day, 7 percent note for $1,000, dated July 12.
Aug. 17 Discounted the note at the bank at 7.5 percent.
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General Journal Date Account Debit Credit June 12 Accounts Receivable 1740 Sales 17...View the full answer
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