Current Attempt in Progress Prepare journal entries to record the following sales transactions in Dalibor Company's books. Dalibor uses a perpetual inventory system. Mar. 12 13 14 22 Dalibor sold $25,000 of merchandise to Jarek Company, terms 2/10, n/30, FOB destination. The cost of the merchandise sold was $13,250. The correct company paid freight costs of $265. Jarek returned $2,000 of the merchandise purchased on March 12 because it was damaged. The cost of the merchandise returned was $1,060. Dalibor examined the merchandise, decided it was no longer saleable, and discarded it. Dalibor received the balance due from Jarek. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit

Current Attempt in Progress Prepare journal entries to record the following sales transactions in Dalibor Company's books. Dalibor uses a perpetual inventory system. Mar. 12 13 14 22 Dalibor sold $25,000 of merchandise to Jarek Company, terms 2/10, n/30, FOB destination. The cost of the merchandise sold was $13,250. The correct company paid freight costs of $265. Jarek returned $2,000 of the merchandise purchased on March 12 because it was damaged. The cost of the merchandise returned was $1,060. Dalibor examined the merchandise, decided it was no longer saleable, and discarded it. Dalibor received the balance due from Jarek. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit

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Description: Please prepare journal entry and no plagiarism please DateAccount Titles and Explanation(To record sales on account.)(To record cost of goods sold.)SearchCDebitCredit11ENG View PoliciesCurrent Attempt in ProgressPrepare journal entries to record the

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 7E: Record the following transactions for a perpetual inventory system in general journal form. a. Sold...

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