Record the journal entries for the following sales transactions of Apache Industries. ...
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Accounting
Record the journal entries for the following sales transactions of Apache Industries.
Nov. 7
Sold 13 computers on credit for $850 per computer. Terms of the sale are 5/10, n/60, invoice dated November 7. The cost per computer to Apache is $600.
Nov. 14
The customer returned 3 computers for a full refund from Apache. Apache returns the computers to their inventory at full cost of $600 per computer.
Nov. 21
The customer paid their account in full from the November 7 sale.
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