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Record the necessary journal entries for sudweeks company

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Reference no: EM13511430

On June 24, 2012, Sudweeks Company sold merchandise to Brooke Bowman for $70,000 with terms 2/10, n/30. On June 30, Bowman paid $39,200 on her account and was allowed a discount for the timely payment. On July 20, Bowman paid $21,000 on her account and returned $9,000 of merchandise, claiming that it did not meet contract terms.

Record the necessary journal entries for Sudweeks Company on June 24, June 30, and July 20.

 

Reference no: EM13511430

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