Transactions March 3 Sold $15,600 of merchandise to Watford Company on account. March 5 Watford...
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Transactions March 3 Sold $15,600 of merchandise to Watford Company on account. March 5 Watford Company returned $440 of the merchandise from March 3. March 7 Sold \$1,300 of merchandise to Mason, Inc., on account. March 15 Watford Company paid the balance of what it owed for the purchase on March 3. March 19 Sold \$22,600 of merchandise to Zuber Co. on account. March 21 Zuber reported that some of the merchandise received was the wrong colour and returned $1,040 worth of merchandise to Sawyer. March 23 Sold $33,500 of merchandise to Nesbits Co. on account. March 31 Zuber paid the balance of what it owed for the purchase on March 19. Requirement 1. Record Sawyer's transactions, including the cost of goods sold entry for each sale. March 3: Sold $15,600 of merchandise to Watford Company on account. In this step, record the sales transaction. The journal entry for the cost of goods sold will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any March 5: Watford Company returned $440 of the merchandise from March 3 . In this step, record the sales return. The journal entry for the return of the inventory will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any journal entries.) March 7: Sold $1,300 of merchandise to Mason, Inc., on account. In this step, record the sales transaction. The journal entry for the cost of goods sold will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any journal entries.) March 19: Sold $22,600 of merchandise to Zuber Co. on account. In this step, record the sales transaction. The journal entry for the cost of goods sold will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any journal entries.) March 21: Zuber reported that some of the merchandise received was the wrong colour and returned $1,040 worth of merchandise to Sawyer. n this step, record the sales return. The journal entry for the return of the inventory will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any ournal entries.) March 23: Sold $33,500 of merchandise to Nesbits Co. on account. In this step, record the sales transaction. The journal entry for the cost of goods sold will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirement 2. Calculate the net sales revenue for the month. Enter the net sales revenue from each sales transaction, then enter the total net sales revenue for the month. (Round your answers to the nearest whole dollar.) Net sales revenue, March 3 Net sales revenue, March 7 Net sales revenue, March 19 Net sales revenue, March 23 Net sales revenue for the month
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Transactions March 3 Sold $15,600 of merchandise to Watford Company on account. March 5 Watford Company returned $440 of the merchandise from March 3. March 7 Sold \$1,300 of merchandise to Mason, Inc., on account. March 15 Watford Company paid the balance of what it owed for the purchase on March 3. March 19 Sold \$22,600 of merchandise to Zuber Co. on account. March 21 Zuber reported that some of the merchandise received was the wrong colour and returned $1,040 worth of merchandise to Sawyer. March 23 Sold $33,500 of merchandise to Nesbits Co. on account. March 31 Zuber paid the balance of what it owed for the purchase on March 19. Requirement 1. Record Sawyer's transactions, including the cost of goods sold entry for each sale. March 3: Sold $15,600 of merchandise to Watford Company on account. In this step, record the sales transaction. The journal entry for the cost of goods sold will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any March 5: Watford Company returned $440 of the merchandise from March 3 . In this step, record the sales return. The journal entry for the return of the inventory will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any journal entries.) March 7: Sold $1,300 of merchandise to Mason, Inc., on account. In this step, record the sales transaction. The journal entry for the cost of goods sold will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any journal entries.) March 19: Sold $22,600 of merchandise to Zuber Co. on account. In this step, record the sales transaction. The journal entry for the cost of goods sold will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any journal entries.) March 21: Zuber reported that some of the merchandise received was the wrong colour and returned $1,040 worth of merchandise to Sawyer. n this step, record the sales return. The journal entry for the return of the inventory will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any ournal entries.) March 23: Sold $33,500 of merchandise to Nesbits Co. on account. In this step, record the sales transaction. The journal entry for the cost of goods sold will be recorded in the next step. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirement 2. Calculate the net sales revenue for the month. Enter the net sales revenue from each sales transaction, then enter the total net sales revenue for the month. (Round your answers to the nearest whole dollar.) Net sales revenue, March 3 Net sales revenue, March 7 Net sales revenue, March 19 Net sales revenue, March 23 Net sales revenue for the month 