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Business, 18.02.2020 19:15 bruhh14

The following are selected transactions for Jefferson, Inc., during the month of April:
April 20 Sold and shipped on account to Lind Stores merchandise for $3,000, with terms of 1/10, n/30.
April 27 Lind Stores returned defective merchandise billed at $300 on April 20.
April 29 Received from Lind Stores a check for full settlement of the April 20 transaction.
Required:
Prepare the necessary journal entries for
(a) Jefferson, Inc., and
(b) Lind Stores. Both companies use the periodic inventory system.

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The following are selected transactions for Jefferson, Inc., during the month of April:
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