The company signed the contract with a customer to sell 150 units on 01/01/2020. The selling price was 100 JD per unit, and delivery date on 01/04/2020. The cost per unit was 70 JD.

Then, the company delivered 110 units to customer on 15/03/2020. After that, the customer required increase the number of units to be 200 units, and the delivery date is the same date in the previous contract. But, the selling price  for new units will be 75 JD. This is because the customer found that some goods not match with agreed specifications. The company approved that, and it delivered 50 units to customer on 27/03/2020.

What is a sales journal entry on 27/03/2020?

Answer rating: 100% (QA)

Sales Journal Entry on 27032020 Debit ... View the full answer