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Put the following entries in the journals of both companies!~ (separately labeled journals)-Dec 1st Johnson...

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Accounting

Put the following entries in the journals of both companies!~ (separately labeled journals)-Dec 1st Johnson company sold $14,000 of product to Holden company, terms 4/10 n/30, the cost of the goods sold was $2800.-Dec 2nd the appropriate company paid shipping costs of $150(FOB DESTINATION)-Dec 4th Holden company returned $7000 of product because it was damaged, the cost of this was $1400.-Dec 6th Holden company paid their balance

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