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On March 2 Kwang Company sold $988000 of merchandise to Sensat Company terms 210 n 30 The cost of the merchandise sold was $604000 Credit account titles are automatically indented when amount

On March 2, Kwang Company sold $988,000 of merchandise to Sensat Company, terms 2/10, n/30. The cost of the merchandise sold was $604,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) on March 6, Sensat Company returned S98,800 of the merchandise purchased on March 2. The cost of the returned merchandise was S60,400. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) On March 12, Kwang Company received the balance due from Sensat Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Sales Discounts 17784 Cash 871416 Accounts Receivable 889200

 

Mar 23 2020 Read more Less More

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