Mathematics, 14.07.2020 19:01 ray1840

On March 15, Monroe Sales sells $9,525 on account to Garrison Brewer with terms of 2/10, n/30. The cost of merchandise sold was $6,905. (a) Journalize the sale and the recognition of the cost of the sale. If required, round your answers to two decimal places. (b) On March 20, a $125 credit memo is given to Garrison Brewer due to merchandise that was the wrong color. Journalize this event. The cost of the returned merchandise was $65. If required, round your answers to two decimal places. (c) On March 25, Garrison Brewer submits payment in full. Journalize this event. If required, round your answers to two decimal places. Hint: You may not need to fill in every box GENERAL JOURNAL Page 1 Date Description Post Debit Credit

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On March 15, Monroe Sales sells $9,525 on account to Garrison Brewer with terms of 2/10, n/30. The c...

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