Help Save SE 2 On September 12. Ryan Company sold merchandise in the amount of $7.600 to Johnson…
Help Save SE 2 On September 12. Ryan Company sold merchandise in the amount of $7.600 to Johnson Company with credit terms of 2/10,n30 The cost of the items solis $4900. Ryan uses the periodic inventory system and the net method of accounting for sale on September 14 Johnson some of the merchandise. The selling price of the merchandise is $680 and the cost of the candiese send is $410 Johnson pays the invoice on September 18 and takes the appropriate discount. The journal entry that Ryan makes on September is ni Cash Sales discounts Accounts receivable 7,448 152 7,600 6,782 Cash Sales discounts Accounts receivable 1381 6,920 O Cash Accounts receivable 6,782 6,782 Cash Accounts receivable 7,448 7,448 Cash Accounts receivable 7,600 7,600 May 16 2022 03:09 PM
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