Journalize the following transactions for the seller, Perez Company, using the gross method to account for sales discounts. Assume a perpetual inventory system. Make sure to enter the day for each separate transaction.
April Sold goods costing $ to Jenkins Company on account, $ terms The goods are sold FOB shippingpoint, freight prepaid by seller, $
April Jenkins Company returned damaged merchandise previously purchased on account, $
April Received the amount due from Jenkins Company.
Note: The entry to record the shipping payment to the delivery company is not required in this problem.
tableDateAccount Title,Debit,Credit,s
