27. Laflin Company sold $45,000 worth of goods to West Company on March 1, 2022, 2/10,...

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27. Laflin Company sold $45,000 worth of goods to West Company on March 1, 2022, 2/10, n/30. West returned $4,500 of the goods to Laflin on March 3rd, West paid for the order on March 6th and took the discount. Make the journal entry to record the receipt of the cash by Laflin on the 6th. Only the last entry is needed. 28. Albertsons Inc. had total inventory available for sale of $1,520,000 for 2022. Their inventory at December 31, 2022 was $26,000. How much was their Cost of Goods Sold for the year (2022)? 27. Laflin Company sold $45,000 worth of goods to West Company on March 1, 2022, 2/10, n/30. West returned $4,500 of the goods to Laflin on March 3rd, West paid for the order on March 6th and took the discount. Make the journal entry to record the receipt of the cash by Laflin on the 6th. Only the last entry is needed. 28. Albertsons Inc. had total inventory available for sale of $1,520,000 for 2022. Their inventory at December 31, 2022 was $26,000. How much was their Cost of Goods Sold for the year (2022)?

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The image contains two unrelated accounting questions numbered 27 and 28 I will address each one in turn Question 27 Lafin Company sold 45000 worth of ... View the full answer