transactions during July: (Click the icon to view the transactions.) Read the requirements. July 2:...
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transactions during July: (Click the icon to view the transactions.) Read the requirements. July 2: Sold $30,000 of merchandise to Odom Jewels on account. Requirements More info 1. Journalize Twilight's July transactions. (You do not need to record the cost of goods sold or inventory entry or entries.) 2. Calculate the gross sales revenue for the month. July 2 Sold $30,000 of merchandise to Odom Jewels on account. July 3 Sold $9,000 of merchandise to Brennan Crystals, which paid by credit card. The credit card company charges Twilight a fee of 1% on credit card sales. July 16 Odom Jewels paid the balance of what it owed for the purchase on July 2. July 17 Sold $30,000 of merchandise to Palluck Stones on account. July 19 Palluck Stones noticed that some of the merchandise received was damaged, so it returned $8,000 worth of merchandise to Twilight. July 30 Palluck Stones paid the balance of what it owed for the purchase on July 17
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