Office Supplies,Inc.uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
$\begin{array}{|l|l|}
\hline\text { july } 3 & \begin{array}{l}
\text { Sold } \$ 15,400 \text { of merchandise on account, credit terms are } 2 / 10, n / 30 . \text { Cost of } \
\text { goods is } \$ 9,300 .
\end{array} \
\hline \text { july } 7 & \text { Received a } \$ 750 \text { sales return from the customer. Cost of the goods is } \$ 435 \
\hline \text { july } 12 & \begin{array}{l}
\text { Office Supplies receives payment for the customer for the amount due from the } \
\text { july sale. }
\end{array} \
\hline
\end{array}$

Question

Office Supplies,Inc.uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
 $\begin{array}{|l|l|}
\hline\text { july } 3 & \begin{array}{l}
\text { Sold } \$ 15,400 \text { of merchandise on account, credit terms are } 2 / 10, n / 30 . \text { Cost of } \
\text { goods is } \$ 9,300 .
\end{array} \
\hline \text { july } 7 & \text { Received a } \$ 750 \text { sales return from the customer. Cost of the goods is } \$ 435 \
\hline \text { july } 12 & \begin{array}{l}
\text { Office Supplies receives payment for the customer for the amount due from the } \
\text { july sale. }
\end{array} \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Office Supplies,Inc.uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
 $\begin{array}{|l|l|}
\hline\text { july } 3 & \begin{array}{l}
\text { Sold } \$ 15,400 \text { of merchandise on account, credit terms are } 2 / 10, n / 30 . \text { Cost of } \
\text { goods is } \$ 9,300 .
\end{array} \
\hline \text { july } 7 & \text { Received a } \$ 750 \text { sales return from the customer. Cost of the goods is } \$ 435 \
\hline \text { july } 12 & \begin{array}{l}
\text { Office Supplies receives payment for the customer for the amount due from the } \
\text { july sale. }
\end{array} \
\hline
\end{array}$