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    Krizia Cruz
    This document records various transactions in April for an accounts receivable account. It begins with a sale of goods on account for $15,200. It then records freight charges of $200 received in cash and a $200 refund given to a customer. It shows collection of most of the accounts receivable balance of $15,200, less $304 in discounts. Additional sales of $16,400 were made along with another $900 refund. The document balances the accounts receivable account at month end at $13,700.

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    Untitled

    Uploaded by

    Krizia Cruz
    13 views1 page
    This document records various transactions in April for an accounts receivable account. It begins with a sale of goods on account for $15,200. It then records freight charges of $200 received in cash and a $200 refund given to a customer. It shows collection of most of the accounts receivable balance of $15,200, less $304 in discounts. Additional sales of $16,400 were made along with another $900 refund. The document balances the accounts receivable account at month end at $13,700.

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    This document records various transactions in April for an accounts receivable account. It begins with a sale of goods on account for $15,200. It then records freight charges of $200 received in cash and a $200 refund given to a customer. It shows collection of most of the accounts receivable balance of $15,200, less $304 in discounts. Additional sales of $16,400 were made along with another $900 refund. The document balances the accounts receivable account at month end at $13,700.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    13 views1 page

    Untitled

    Uploaded by

    Krizia Cruz
    This document records various transactions in April for an accounts receivable account. It begins with a sale of goods on account for $15,200. It then records freight charges of $200 received in cash and a $200 refund given to a customer. It shows collection of most of the accounts receivable balance of $15,200, less $304 in discounts. Additional sales of $16,400 were made along with another $900 refund. The document balances the accounts receivable account at month end at $13,700.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Date Description Debit Credit

    Apr-04 Accounts Receivable 15,200


    Sales 15,200
    To record sold goods on account

    5 Freight Out 200


    Cash 200
    To record freight on sales

    9 Sales Return and allowances 200


    Cash 200
    To record refund to customer

    13 Cash 14896
    Sales Discounts 304
    Accounts Receivable 15,200
    To record collection

    23 Cash 16,400
    Sales 16,400
    To record sold goods

    29 Sales Return and Allowances 900


    Cash 900
    To record refund to customer

    30 Account Receivable 13,700


    Sales 61,800 13,700
    61800

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