A credit sale is made on July 10 for $1,050, terms 2/10, n/30. On July 12,...

 

Transcribed Image Text:

A credit sale is made on July 10 for $1,050, terms 2/10, n/30. On July 12, $50 of goods are returned for credit. Give the journal entry on July 19 to record the receipt of the balance due within the discount period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 19 Click if you would like to Show Work for this question: Open Show Work A credit sale is made on July 10 for $1,050, terms 2/10, n/30. On July 12, $50 of goods are returned for credit. Give the journal entry on July 19 to record the receipt of the balance due within the discount period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 19 Click if you would like to Show Work for this question: Open Show Work