Question: Complete the following problems on an excel spreadsheet. Number your problems on a different tab. Remember the format to create a journal entry. Debit and
Complete the following problems on an excel spreadsheet. Number your problems on a different tab. Remember the format to create a journal entry. Debit and credit should balance PA1.) Record journal entries for the following transactions of Furniture Warehouse Aug. 3: Sold 15 couches at $500 each to a customer, credit terms 2/15, n/30, invoice date August 3; the couches cost Furniture Warehouse $150 each. Aug. 8: Customer returned 2 couches for a full refund. The merchandise was in sellable condition at the original cost. Aug. 15: Customer found 4 defective couches but kept the merchandise for an allowance of $1,000 Aug. 18: Customer paid their account in full with cash
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