Please provide necessary journal entries for the following transactions for Nathan. a) Nathan sold $2,500 worth...

 

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Please provide necessary journal entries for the following transactions for Nathan. a) Nathan sold $2,500 worth of goods to Audrey on credit, terms 2N15, b) Audrey returned $460 worth of goods within the first week of sale, c) Audrey made net amount before the due date. d) Suzanne sold $1,800 worth of goods to Christine on credit. e) Christine paid only 75% of the amount, f) Knowing that Christine went into receivership, Suzanne wrote off the balance receivable. Please provide necessary journal entries for the following transactions for Nathan. a) Nathan sold $2,500 worth of goods to Audrey on credit, terms 2N15, b) Audrey returned $460 worth of goods within the first week of sale, c) Audrey made net amount before the due date. d) Suzanne sold $1,800 worth of goods to Christine on credit. e) Christine paid only 75% of the amount, f) Knowing that Christine went into receivership, Suzanne wrote off the balance receivable.

Answer rating: 100% (QA)

a Nathan sold 2500 worth of goods to Audrey on credit terms 2N15 Debit Accounts Receivable 2500 Cred... View the full answer