Rally Auto Supplies uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
$\begin{array}{|r|l|}
\hline\text { june } 10 & \begin{array}{l}
\text { Sold } \$ 14,800 \text { of merchandise on account, credit terms are } 3 / 15, n / 30 . \text { Cost of } \
\text { goods is } \$ 6,200 .
\end{array} \
\hline \text { june } 14 & \text { Received a } \$ 900 \text { sales return from the customer. Cost of the goods is } \$ 400, \
\hline & \text { Rally Auto Supplies receives payment for the customer for the amount due from } \
\text { june } 23 & \text { the June } 10 \text { sale. }\\hline
\end{array}$

Question

Rally Auto Supplies uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
 $\begin{array}{|r|l|}
\hline\text { june } 10 & \begin{array}{l}
\text { Sold } \$ 14,800 \text { of merchandise on account, credit terms are } 3 / 15, n / 30 . \text { Cost of } \
\text { goods is } \$ 6,200 .
\end{array} \
\hline \text { june } 14 & \text { Received a } \$ 900 \text { sales return from the customer. Cost of the goods is } \$ 400, \
\hline & \text { Rally Auto Supplies receives payment for the customer for the amount due from } \
\text { june } 23 & \text { the June } 10 \text { sale. }\\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Rally Auto Supplies uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
 $\begin{array}{|r|l|}
\hline\text { june } 10 & \begin{array}{l}
\text { Sold } \$ 14,800 \text { of merchandise on account, credit terms are } 3 / 15, n / 30 . \text { Cost of } \
\text { goods is } \$ 6,200 .
\end{array} \
\hline \text { june } 14 & \text { Received a } \$ 900 \text { sales return from the customer. Cost of the goods is } \$ 400, \
\hline & \text { Rally Auto Supplies receives payment for the customer for the amount due from } \
\text { june } 23 & \text { the June } 10 \text { sale. }\\hline
\end{array}$

Rally Auto Supplies Uses a Perpetual Inventory System