More Shoes, Inc., reported the following transactions in December:
Dec. 1 Sold merchandise on account to T. Melda, $950, terms 2/10, n/20.
Dec. 4 Sold merchandise on account to N. Moore, $880, terms 2/10, n/20.
Dec. 10 N. Moore returned $100 of merchandise.
Dec. 11 Received payment from T. Melda for the Dec. 1 purchase.
Dec. 31 Received payment from N. Moore for the balance of the Dec 4 sale.
Prepare the adjusting journal entries needed for each INDEPENDENT situation.

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The Answer of More Shoes, Inc., reported the following transactions in December:
Dec. 1 Sold merchandise on account to T. Melda, $950, terms 2/10, n/20.
Dec. 4 Sold merchandise on account to N. Moore, $880, terms 2/10, n/20.
Dec. 10 N. Moore returned $100 of merchandise.
Dec. 11 Received payment from T. Melda for the Dec. 1 purchase.
Dec. 31 Received payment from N. Moore for the balance of the Dec 4 sale.
Prepare the adjusting journal entries needed for each INDEPENDENT situation.