Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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A business A uses periodic inventory system. On Nov 15, 2021, the business A sold merchandise to business B for $149,000 on terms 3/10, 2/20, n/30. On Nov 18, 2021, business B returned to business A goods worth $8,700 due to wrong specification. On Nov 15, 2021,  business B made partial payment of $39,000. On Dec 4, 2021, business B paid its account in full. 

How much should business A credit to Sales Revenue on Nov 15? 

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