Traditional company is a manufacturer of furniture

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Reference no: EM13953327

Traditional Company is a manufacturer of furniture. On June 16, 20X4, Traditional Company received an order from Contemporary Mart for 15 living room sets at $1,500 per set. The furniture was delivered by Traditional to Contemporary Mart on June 30, 20X4, at which time Traditional billed Contemporary Mart under the terms 2/30, n/60. Contemporary Mart paid Traditional on July 25. Assume Traditional uses a periodic inventory system.

Prepare the appropriate journal entries for the Traditional Company as of the following dates:

a. June 16

b. June 30

c. July 25

Reference no: EM13953327

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