What is dilberts journal entry to record the return

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Reference no: EM133662550

Question: Williamson Inc. has Sales of $90,000, Sales Returns and Allowances of $4,700, Sales Discounts of $1,300 and Cost of Goods Sold of $63,000. What is Williamson's Gross Profit?On March 1, Dilbert Inc sells 2,000 units to Tundra Inc for $5/unit or a total of $10,000. Dilbert's cost is $3/unit. On March 5, Tundra returns 300 units because they are the wrong size for Tundra's customers. What is Dilbert's journal entry to record the return?

Reference no: EM133662550

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