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Write the journal entry as debit and credit

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Question - Write the Journal Entry as Debit and credit for below Transactions:

a - In August 24, a regular customer returned a product that he purchased 12 days ago for $275, claiming that the product did not meet his required specifications. The product was purchased on credit, and payment was not due until another 18 days.

b - On Sept. 12, the company received notification that a customer has filed a lawsuit after suffering an injury from the use of one of its products. The customer has filed a $10,000 damage claim from his injuries, including loss of wages. The company lawyer advised that the injuries sustained were not very serious but he believes that that the court will likely award some damages to the complainant, but the amount cannot be ascertained at this time.

Reference no: EM133140300

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