23 Purchased ski pants for $2,650 from Swenson Ski Goods, Invoice 528, terms n/30. 25 Received Credit Memorandum 245 for $340 from Swenson Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. 27 Purchased ski sweaters for $3,000 plus a freight charge of $120 from Colorado Ski Shop, Invoice 6722, terms n/30. 30 Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7.
Required:
Record the transactions in a general journal.
Analyze:
What was the amount of the cash discount on September 12?
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ACC 291 Week 2 Practice Connect Practice Assignment