Reduce the residual value remaining furniture

Reference no: EM13160309

Purchased office furniture on credit from Goodyear supply for defective office furniture received on may 10 and returned for credit. The return of defective furniture will reduce the residual value remaining furniture to $3000.

How do I enter this in the General Journal?

Reference no: EM13160309

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Reduce the residual value remaining furniture : Purchased office furniture on credit from Goodyear supply for defective office furniture received on may 10 and returned for credit. The return of defective furniture will reduce the residual value remaining furniture to $3000.

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