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On March 12. Klein Company sold merchandise in...

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Accounting

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On March 12. Klein Company sold merchandise in the amount of $8,200 to Bebson Company, Whth credit terms of 2 ito, NBo. The cost of the items sold is 54,700 Kicia tises the returned merchandise is $640 and the cost of the merchandise retumed is $370. The entry or entios that kieh must miake on March ts is lares Munple Croice \begin{tabular}{|c|c|c|} \hline Account ritle & bebit & Credit \\ \hline Sales heturns and Allowances & 627 & \\ \hline Accounts Receivoble & & 627 \\ \hline Merchandise inventory & 363 & \\ \hline Cost of Goods sold & & 363 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{1}{|c|}{ Mccount Iitle } & Debit & Credit \\ \hline Accounts necelvable & c40 & \\ \hline Sales heturns and Allonances & & C40 S \\ \hline \end{tabular}

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