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Business, 01.08.2019 00:20 robert7248

On july 1, ferguson company sold merchandise in the amount of $5,800 to tracey company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. ferguson uses the perpetual inventory system and the gross method. on july 5, tracey returns some of the merchandise. the selling price of the merchandise is $500 and the cost of the merchandise returned is $350. the entry or entries that ferguson must make on july 5 is (are):

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On july 1, ferguson company sold merchandise in the amount of $5,800 to tracey company, with credit...
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