Sievert Co. sold merchandise to Bray Co. on account, $11,500, terms 2/15, n/30. The cost of the merchandise sold is $6,900. Sievert Co. issued a credit memorandum for $900 for merchandise returned and later received the amount due within the discount period. The cost of the merchandise returned was $540. Journalize Sievert Co.’s and Bray Co.’s entries for the receipt of the check for the amount due from Bray Co.
https://writingexpert.net/wp-content/uploads/2020/07/W.E-logo.png 0 0 Paul https://writingexpert.net/wp-content/uploads/2020/07/W.E-logo.png Paul2020-09-21 19:21:252020-09-21 19:21:25Sievert Co. sold merchandise to Bray Co. on account, $11,500, terms 2/15, n/30