Prepare the journal entries to record

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Reference no: EM13765636

Presented below are transactions related to Bogner Company.

1.		On December 3, Bogner Company sold $661,800 of merchandise to Maris Co., terms 3/10, n/30, FOB shipping point. The cost of the merchandise sold was $384,100.
2.		On December 8, Maris Co. was granted an allowance of $23,200 for merchandise purchased on December 3.
3.		On December 13, Bogner Company received the balance due from Maris Co.

Prepare the journal entries to record these transactions on the books of Bogner Company using a perpetual inventory system.

Reference no: EM13765636

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