Question: Figure out the journal entry for.... June 15 Record a sales return and allowance One of the cabinets delivered by Brandon's Cabinet Shop to Ralph

Figure out the journal entry for....

June 15 Record a sales return and allowance

One of the cabinets delivered by Brandon's Cabinet Shop to Ralph Morehead on June 11 was slightly damaged. A credit memo for $214.00, which included 7% sales tax, was issued to the customer, who refused to accept the cabinet. Invoice number: B3454. Credit Memo: CM006. Vendor Number: 11625. (to determine the selling price of the cabinet, divide the total of the credit memo by 1.07)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Looking back over the last few years, it is clear that Nicole Mackisey has accomplished a lot running her business, Nicoles Getaway Spa (NGS). Nicole is curious about her companys performance as she...

Part 2 of Systems Learning Aid 9th Edition option A: Page 3 please help to complete. Again if I am missing something ill try figure out what it is and repost. December No 20 Increased employee pay...

Problem 1. Heath Production manufactures chairs. Several weeks ago, the company received an enquiry from Rose Limited. Rose wants to market a foldable chair similar to one of Heath's, and has offered...

hi... i need someone help me to solve my question below please.. COMPREHENSIVE CASE 3 Topic : Receivables & Payables MNM Appliances Bhd is one of the largest electrical and electronic distributors in...

Can i have some assistance on the attached questions. There are 17 problems total. Shown below is an income statement for 2016 that was prepared by a poorly trained bookkeeper of Hutton Corporation...

JETRO CORPORATION Unadjusted Trial Balance As Of December 31, 2019 DEBIT CREDIT P 380,000.00 2,000,000.00 1,260,000.00 239,200.00 150,000.00 140,000.00 2,490,000.00 357,000.00 440,000.00 920,000.00...

Heads Up: In this module you will be required to record: (1) payment of a short-term note, (2) write of a bad debt using the direct write-off method, (3) collection of a short-term note receivable,...

I really need an answer for module 3 entries (June 17-30) and midterm evaluation and final evaluation. I need them asap please help. Zacks Bike Hut Level II 1st Web-Based Edition Introduction Page 1...

Could you please help answering the questions in the Accounting assignment? Need answers for questions 1,2 and 4. Thank you ACG11 - Accounting for Business - SP2 2016 Assignment Part B 97 marks -...

I have three assignments that I need your help with. Please provide answers to study guide on answer sheet. Thank you in advance. FINANCIAL AND MANAGERIAL ACCOUNTING - Fifth Edition E17-17 Compute...

1. If Orange were to issue a stock dividend, generally, a. How would this affect the corporations assets and/or liabilities? b.How would this affect the individual shareholders proportionate...

Give examples of items (transactions) that would require reconciliation of total governmental fund balances to net assets of governmental activities.

Stewart, age 6 2 , is now semi - retired. He is collecting the CPP and paying into the PRB . Which of the following statements is not true? Question 7 options: He must stop making PRB contributions...

We have seen that E, G) = 2". Without using that identity, use Pascal's identity k=0 to prove that the sum of each row of Pascal's triangle is twice the sum of the previous row.

Give a combinatorial proof of the identity ()-E(;) n+1 whenever n >r > 0. kr+1

FILE SYSTEMS Q13) (File Systems) One way to use contiguous allocation of the disk and not suffer from holes is to compact (defragment) the disk every time a file is removed. Since all files are...

Below is a state transition table with the outputs missing. The output should be Z =X’B’+XB. a) Is this a Mealy machine or Moore machine? b) Fill in the outputs on the state transition...

Q11) (Thread Safety) Does Petersons solution to the mutual-exclusion problem work when process scheduling is preemptive? How about when it is nonpreemptive?

According to the article by Grosse ( 2 0 1 1 ) , which of the following are accurate on cultural differences between the U . S . and Mexico?

OUTCOME 3 Determine how to design pay systems.

OUTCOME 1 Discuss the scope of training and development and its strategic aspects.

5. To finish the exercise, the observer/recorder will lead a discussion of the learning principles that were demonstrated. If they were done in this setting, also discuss why they might not be done...