Question: Please help me solve RE6-6 using the information from RE6-5 in Excel. Thank you. 6-5 Longmire & Sons made sales on credit to Alderman Sports

Please help me solve RE6-6 using the information from RE6-5 in Excel. Thank you.

$Thank you. 6-5 Longmire \& Sons made sales on credit to Alderman$

6-5 Longmire \& Sons made sales on credit to Alderman Sports totaling $500,000 on April 18 . The cost of the goods 6.4 sold is $400,000. Longmire estimates 3% of its sales to Alderman may be returned. On May 22, $9,000 worth of goods (with a cost of $7,200 ) are returned by Alderman. Longmire uses a periodic inventory system. Prepare the related journal entries for Longmire \& Sons. RE6-6 Refer to RE6-5. Assume Longmire uses a perpetual inventory system. Prepare the related journal entries for . O 6.4 Longmire \& Sons

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