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Journalize the selected transaction

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Question: Journalize the following selected transaction in a 2 column journal using the appropriate item number identify them. Explanations may be omitted.

1. A customer was unhappy with part of her order. Returned $275 in cash to her from the cash sale of $850.

2. A customer received broken merchandise from his purchase on account of $1,000. This broken merchandise sales price was $410.

3. The business bought a used computer. The asking price was $1,450 while the Fair Market Value was $900. The agreed upon sale price was $1,100 and was paid with cash.

Reference no: EM132735600

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