Current Attempt in Progress The following are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. 3 Dodson Company returned merchandise with a sales price of $100 to Pina. Pina collected the amount due from Dodson Company from the March 1 sale. Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card. Pina added 1.2% monthly interest to the customer's credit card balance. 9 15 31 Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Current Attempt in Progress The following are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. 3 Dodson Company returned merchandise with a sales price of $100 to Pina. Pina collected the amount due from Dodson Company from the March 1 sale. Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card. Pina added 1.2% monthly interest to the customer's credit card balance. 9 15 31 Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
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 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...
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