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Record the transactions in general journal form

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Question - The following are selected transactions of Carolyn Company:

June 20 Sold and shipped $5,400 merchandise on account to Patrick, Inc., terms 2/10, n/30.

June 22 Patrick, Inc. returned merchandise billed at $1,500 on June 20.

June 28 Received a check from Patrick, Inc. for full settlement of the June 20 transaction.

Required - Record the transactions in general journal form on the books of (a) Carolyn Company and (b) Patrick, Inc. Both companies use the periodic inventory system. Omit explanations for the journal entries.

Reference no: EM133125500

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