accounting--for Melissa ONLY
Brigid_LewthwaitePresented 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.
12 years ago
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