Business, 03.06.2021 16:50 NycJahlilThegoat

Record the following transactions for Sparkyâs Pet Shop. August 1 Purchased $6,000 of merchandise on account, terms 2/10, n/30.
3 Returned $1,500 of merchandise purchased on August 1 due to defects.
7 Recorded cash sales for the first week of August, $9,750; cost of the merchandise was $4,000.
10 Made sale on account to a local breeder for $500, terms 1/10 net 30; cost of the merchandise was $200.
11 Paid for the merchandise purchased on August 1, less return.

Required:
Journalize the above transactions.

Answers: 2

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Record the following transactions for Sparkyâs Pet Shop. August 1 Purchased $6,000 of merchandise o...