Question: what the correct entry on August 21st ? HELP )WORKSHEETINBOX REPORT ONS(English Abdulhamid Kurd MyPle Review Dictionary CalcrignmentGradebook Calendar Calculator Accountin The transaction's credit and

what the correct entry on August 21st ? HELP )WORKSHEETINBOX REPORT

what the correct entry on August 21st ?

HELP )WORKSHEETINBOX REPORT ONS(English Abdulhamid Kurd MyPle Review Dictionary CalcrignmentGradebook Calendar Calculator Accountin The transaction's credit and debit on August 21 are not correct, even though your journal entry is balanced. Try to answer again Journalize the following transactions for the seller, Howard Company, using the gross method to account for sales discounts. Assume a perpetual inventory system. Make sure to enter the day for each separate transaction. August 10 Sold goods costing $3,000 to Lopez Company on account, $5,000, terms 2/10, August 16 Lopez Company returned damaged merchandise previously purchased on account, August 21 Received the amount due from Lopez Company. Note: The entry to record the shipping payment to the delivery company is not required in this n/30. The goods are sold FQB shipping point, freight prepaid by seller, $90. $600. problem. Date Account Title Debit Credit Aug. 10 Accounts Receivable 5,000 5,000x 3,000 x 600 x 4,400 x Sales 3,000 10 Cost of Goods Sold Merchandise Inventory 16 Sales Retums and Allowances 600 Accounts Receivablo 4,400 21 Cash Accounts Receivable

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