Rally Auto Supplies, Inc. uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required.
$\begin{array}{|l|l|}
\hline \text { June } 10 & \text { Sold } \$ 14,800 \text { of merchandise on account, } \mathrm{n} / 30 \text {. Cost of goods is } \$ 6,200 \text {. } \
\hline \text { June } 14 & \text { Received a } \$ 900 \text { sales return from the customer. Cost of the goods is } \$ 400 \text {. } \
\hline & \text { Rally Auto Supplies receives payment from the customer for the amount due } \
\text { June } 20 & \text { from the Tune } 10 \text { sale. }\
\hline
\end{array}$

Question

Rally Auto Supplies, Inc. uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required.
 $\begin{array}{|l|l|}
\hline \text { June } 10 & \text { Sold } \$ 14,800 \text { of merchandise on account, } \mathrm{n} / 30 \text {. Cost of goods is } \$ 6,200 \text {. } \
\hline \text { June } 14 & \text { Received a } \$ 900 \text { sales return from the customer. Cost of the goods is } \$ 400 \text {. } \
\hline & \text { Rally Auto Supplies receives payment from the customer for the amount due } \
\text { June } 20 & \text { from the Tune } 10 \text { sale. }\
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Rally Auto Supplies, Inc. uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required.
 $\begin{array}{|l|l|}
\hline \text { June } 10 & \text { Sold } \$ 14,800 \text { of merchandise on account, } \mathrm{n} / 30 \text {. Cost of goods is } \$ 6,200 \text {. } \
\hline \text { June } 14 & \text { Received a } \$ 900 \text { sales return from the customer. Cost of the goods is } \$ 400 \text {. } \
\hline & \text { Rally Auto Supplies receives payment from the customer for the amount due } \
\text { June } 20 & \text { from the Tune } 10 \text { sale. }\
\hline
\end{array}$