On March 1, Lincoln sold merchandise on account to Marigold Company for $29,000, terms 1/10,...
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Accounting
On March 1, Lincoln sold merchandise on account to Marigold Company for $29,000, terms 1/10, net 45 . On March 6 , Marigold returns merchandise with a sales price of \$2,400. On March 11, Lincoln receives payment from Marigold for the balance due. Prepare journal entries to record the March transactions on Lincoln's books. (You may ignore cost of goods sold entries and explanations.) (Credit account titles are outomaticolly indented when omount is entered. Do not indent manuolly. Record joumal entries In the order presented In the problem.)
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