Record the transactions-account titles

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Reference no: EM131812268

Record the following transactions. Use the following account titles: Accounts Payable, Accounts Receivable, Cash, Cost of Goods Sold, Freight in Freight out, Merchandise inventory, Sales, Sales Discount, Sales Returns and Allowances. Remember toenter ne if there is no entry in a blank. there is more than one debit/credit occount in a transaction, list them alphabetically. Put S before all doilar amounts. Do not use commas in dollar amounts. Nar, 3 Stellar returns S1000 of the merchandise purchased on March 1 because it was the wrong colour, Octagon gives Stellar a S1000 credit on its account. Mar. 3 octagon's cost of the merchandise returned by Stella was $440. As the merchandise was not damaged it was returned to Octagon's inventory.

Reference no: EM131812268

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