Question: need some help with this On April 7, Stields Co sold irventory in exchange for a gift card worth $7,600. The inventocy originally cost Shields
need some help with this
On April 7, Stields Co sold irventory in exchange for a gift card worth $7,600. The inventocy originally cost Shields Co $4,000 to purchase On April 21, the customer returned half of what was purchased on Apeit 7 and was refunded with store credit on the original gift card, There were no additional costs irwolved in the teturn and the product was returned in sellable condition. What journal entry should Shieids Co record April 21, i.e, en the retum date
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
