Record journal entries for the following sales transactions of Flower Company. Sold 23 bushels of flowers to a customer for $1,200 Oct. 12 cash; cost of sale $610. Oct. 21 Sold 50 bushels of flowers for $40 per bushel on credit. Terms of the sale are 4/10, n/30, invoice dated October 21. Cost per bushel is $12 to Flower Company. Oct. 31 Received payment in full from the October 21 sale.

Question
Record journal entries for the following sales transactions of Flower Company.
Sold 23 bushels of flowers to a customer for $1,200
Oct. 12
cash; cost of sale $610.
Oct. 21
Sold 50 bushels of flowers for $40 per bushel on credit.
Terms of the sale are 4/10, n/30, invoice dated October
21. Cost per bushel is $12 to Flower Company.
Oct. 31
Received payment in full from the October 21 sale.
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Transcribed Image Text

Record journal entries for the following sales transactions of Flower Company. Sold 23 bushels of flowers to a customer for $1,200 Oct. 12 cash; cost of sale $610. Oct. 21 Sold 50 bushels of flowers for $40 per bushel on credit. Terms of the sale are 4/10, n/30, invoice dated October 21. Cost per bushel is $12 to Flower Company. Oct. 31 Received payment in full from the October 21 sale.

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