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11 Received a $400 credit memorandum from Leight Co. for the return of part of...

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Accounting

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11 Received a $400 credit memorandum from Leight Co. for the return of part of the merchandise purchased on July 9. 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount. 16 Paid the balance due to Boden Company within the discount period. 19 Sold merchandise that cost $1,200 to Art Co. for $1,800 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. 21 Issued a $300 credit memorandum to Art Co. for an allowance on goods sold on July 19. 24 Paid Leight Co. the balance due, net of discount. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount. 31 Sold merchandise that cost $5,700 to Creek Co. for $7,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31. Received the balance due from Art Co. for the invoice dated July 19, net of discount. Note: Enter debits before credits. Date General Journal Debit Credit July 30 Sales discounts Cash Accounts receivable-Art Record entry Clear entry View general journal

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