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LG19-2.

  June 8        Accounts Receivable  5,800    
        Sales   5,800   
     
11        Accounts Receivable 750    
     Freight-out 100    
        Sales  750   
        Cash  100   
     
14        Accounts Receivable 3,950    
        Sales  3,750   
        Cash  200   
     
19        Sales Returns and Allowances 700    
          Accounts Receivable  700   
     
20        Cash 735    
     Sales Discounts 15    
          Accounts Receivable  750   
     
21        Cash 5,049    
     Sales Discounts 51    
          Accounts Receivable  5,100   
     
23        Cash 3,875    
           Sales Discounts  75    
          Accounts Receivable  3,950   



Learning Goal 19, continued
SOLUTIONS
   
Learning Goal 19: Explain How Sales Are Recorded and Reported
S3
 

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