Presented below are transactions related to Bogner Company.;1.;On December 3, Bogner Company sold $661,800 of merchandise to Maris Co., terms 3/10, n/30, FOB shipping point. The cost of the merchandise sold was $384,100.;2.;On December 8, Maris Co. was granted an allowance of $23,200 for merchandise purchased on December 3.;3.;On December 13, Bogner Company received the balance due from Maris Co.;Prepare the journal entries to record these transactions on the books of Bogner Company using a perpetual inventory system.
Paper#75558 | Written in 18-Jul-2015Price : $22