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Journalize the Following Sales Transactions for Smith Printing Equipment Using

Question 199

Essay

Journalize the following sales transactions for Smith Printing Equipment using the periodic inventory system.Explanations are not required.
 March 2 Smith sold $45,800 of printing equipment on account,  credit terms 2/10,n/EOM March 5 Smith received a $2,500 sales return on damaged goods  from the customer  March 11 Smith received payment from the customer on the  amount due. \begin{array} { | l | l | } \hline \text { March } 2 & \begin{array} { l } \text { Smith sold } \$ 45,800 \text { of printing equipment on account, } \\\text { credit terms } 2 / 10 , \mathrm { n } / \mathrm { EOM }\end{array} \\\hline \text { March } 5 & \begin{array} { l } \text { Smith received a } \$ 2,500 \text { sales return on damaged goods } \\\text { from the customer }\end{array} \\\hline \text { March } 11 & \begin{array} { l } \text { Smith received payment from the customer on the } \\\text { amount due. }\end{array} \\\hline\end{array}

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\[\begin{array} { | c | l | r | r | }
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