Neighborhood Lawn Equipment uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
May 18: Sold $26,000 of merchandise on account,credit terms are 1/10,n/30,FOB destination.Cost of goods is $15,600.
May 22: Neighborhood negotiated a $600 allowance on the goods sold on May 18.
May 24: Neighborhood paid freight of $450 on the goods sold on May 18.

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The Answer of Neighborhood Lawn Equipment uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
May 18: Sold $26,000 of merchandise on account,credit terms are 1/10,n/30,FOB destination.Cost of goods is $15,600.
May 22: Neighborhood negotiated a $600 allowance on the goods sold on May 18.
May 24: Neighborhood paid freight of $450 on the goods sold on May 18.

Neighborhood Lawn Equipment Uses a Perpetual Inventory System