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cash 1470
sales discount 30
accounts receivable 1500
Juty is sold merehandise that cost $1 , 00 0 to Art Coopany for 51 , 50 0 whder eredit terns of
2/15 , n/60, rob ahipping point, involee dated Joly 19. July 21 Cave a price reduction (allevance)
of 1250 to Art Conpany for menchandize nold on July 19 and eredited Art' acceants recelvable
for that amount. Jaly 24 paid Lelghe coepany the balance due, bet of difacount. July 30
Mecelved the balance due fron Art Company for the invoice dated July 19, bet of discolant. July
31 sold nerehandise that cont 35,400 to Creek Corpany tor 37,000 under erndit torns of 2/16 ,
n/60, rob ehipping point, invoice dated duly 11. Journal entry worksheet (1) 10 (11) 12 (13) 14
(16) 17 Received the balance due from Art Company for the invoice dated July 19, net of
discount: Notni. Easer debats before aredits.

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cash 1470 sales discount.pdf

  • 1. cash 1470 sales discount 30 accounts receivable 1500 Juty is sold merehandise that cost $1 , 00 0 to Art Coopany for 51 , 50 0 whder eredit terns of 2/15 , n/60, rob ahipping point, involee dated Joly 19. July 21 Cave a price reduction (allevance) of 1250 to Art Conpany for menchandize nold on July 19 and eredited Art' acceants recelvable for that amount. Jaly 24 paid Lelghe coepany the balance due, bet of difacount. July 30 Mecelved the balance due fron Art Company for the invoice dated July 19, bet of discolant. July 31 sold nerehandise that cont 35,400 to Creek Corpany tor 37,000 under erndit torns of 2/16 , n/60, rob ehipping point, invoice dated duly 11. Journal entry worksheet (1) 10 (11) 12 (13) 14 (16) 17 Received the balance due from Art Company for the invoice dated July 19, net of discount: Notni. Easer debats before aredits.