| Reinforcement
Problem | | LG | 19-1. |
| March 1 | Cash | | 3,500 | |
| | Accounts
Receivables | | | 3,500 |
| | Collection
of account receivable with no discount taken | | | |
|
| March 3 | Cash | | 3,430 | |
| | Sales
Discounts | | 70 | 3,500 |
| | Accounts
Receivables | | | |
| | Collection
of account receivable less 2% discount | | | |
| March 4 | Sales
Returns and Allowances | | 250 | |
| | Accounts
Receivable | | | 250 |
| | Credit
for unsatisfactory merchandise | | | |
| March 5 | Accounts
Receivable | | 500 | |
| | Freight-out
Expense | | 50 | |
| | Sales | | | 500 |
| | Cash | | | 50 |
| | Sale
made and seller pays the freight cost as expense | | | |
Learning
Goal 19, continued
| | S2 |
Section III ·
Merchandising Operations | |
| |
