January Purchase on credit of goods from Boréal Itée, conditions 2/10, n/30: $1,000 plus HST, invoice # BO1 Sale of goods on credit to D. Gagnon on conditions n/30: $500 plus HST, invoice #1 (Cost of goods-$300) Sale of goods on credit to Mr. Bédard on conditions 2/10, n/30: $3,200 plus HST, invoice #2 (Cost of goods– $2,500) Mr. Bédard returns defective goods costing $200, sold on January 15 Cash recovery of Mr. Bédard's account relating to the January 15 sale, taking into account the return of defective goods 15 17 25 Work to Do Dascor ontrior to the general iournal
January Purchase on credit of goods from Boréal Itée, conditions 2/10, n/30: $1,000 plus HST, invoice # BO1 Sale of goods on credit to D. Gagnon on conditions n/30: $500 plus HST, invoice #1 (Cost of goods-$300) Sale of goods on credit to Mr. Bédard on conditions 2/10, n/30: $3,200 plus HST, invoice #2 (Cost of goods– $2,500) Mr. Bédard returns defective goods costing $200, sold on January 15 Cash recovery of Mr. Bédard's account relating to the January 15 sale, taking into account the return of defective goods 15 17 25 Work to Do Dascor ontrior to the general iournal
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 5EB: Review the following transactions and prepare any necessary journal entries for Lands Inc. A. On...
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