Business, 05.07.2021 19:50 deeoki3384

Journalize the following sales transactions for Antique Mall. Explanations are not required. The company estimates sales returns at the end of each month. Jan. 4 Sold $14,000 of antiques on account, credit terms are n/30. Cost of goods is $7,000.
8 Received a $400 sales return on damaged goods from the customer. Cost of goods damaged is $150.
13Antique Mall received payment from the customer on the amount due from Jan. 4, less the return.
20Sold $4,900 of antiques on account, credit terms are 1/10, n/45, FOB destination. Cost of goods is $2,450.
20Antique Mall paid $70 on freight out.
29Received payment from the customer on the amount due from Jan. 20, less the discount.

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Journalize the following sales transactions for Antique Mall. Explanations are not required. The com...

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