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Business, 30.10.2019 06:31 KayBJ2005

On jan. 3, gourmet cakes sold $15,000 of merchandise on account to jerry hines. on jan. 10, jerry returned $2,000 of the merchandise because they bought too much. assuming the cost of the returned merchandise to gourmet cakes was $500 and they use a perpetual inventory system, the journal entry on jan. 10, to record the return of the merchandise from jerry hines, would be:

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On jan. 3, gourmet cakes sold $15,000 of merchandise on account to jerry hines. on jan. 10, jerry re...
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