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Prepare the following journal entries for Dice Company, which usesa perpetual inventory system.(a) On January 3, 2018, Dice Company sold $40,000 of goods onaccount with terms 3/10, n/30. The goods cost $26,000.(b) On January 5, 2018, the customer returned $2,000 of themerchandise purchased in (a) above; the cost of the merchandise is$550.(c) On January 9, 2018, the customer paid for the goodspurchased in (a) above (net of the returned goods).(d) On March 1, Dice Company loaned $25,000 to XYZ Company at12% interest. XYZ Company signed a promissory note and will payback the principal plus interest in one year. Record the journalentry for the loan.(e) Prepare the journal entry to record the accrual ofinterest on March 31.