June 10.A purchase of $3,700 of merchandise from DanDan Distributors was debited to Purchases and credited to Cash. The terms of the purchase were 2/10, n/30, FOB shipping point. 11.The invoice for freight in the amount of $215 for the delivery of merchandise purchased from DanDan was paid and was debited to Delivery Expense. 12.Damaged goods totalling $100 were returned to DanDan Distributors for credit. The bookkeeper recorded a debit to Accounts Receivable and a credit to Sales Returns and Allowances. 20.A payment was made to DanDan Distributors for the June 10 purchase. The payment was a debit to Purchases and a credit to Cash. July 15. Sandhill sold goods for $9,225; Sales was credited and Cost of Goods Sold was debited for this amount. The cost of the inventory sold was $3,600. The terms of the sale were 1/15, n/30, FOB destination. 15. Freight charges on the above transaction were debited to Accounts Receivable and credited to Cash for $225. The bookkeeper believed the customer had to pay for the freight charges. 17.sandhill's manager gave the customer from July 15 a $400 allowance. The entry made to record the allowance was a debit to Sales and a credit to Sales Returns and Allowances.
June 10.A purchase of $3,700 of merchandise from DanDan Distributors was debited to Purchases and credited to Cash. The terms of the purchase were 2/10, n/30, FOB shipping point.
11.The invoice for freight in the amount of $215 for the delivery of merchandise purchased from DanDan was paid and was debited to Delivery Expense.
12.Damaged goods totalling $100 were returned to DanDan Distributors for credit. The bookkeeper recorded a debit to Accounts Receivable and a credit to Sales Returns and Allowances.
20.A payment was made to DanDan Distributors for the June 10 purchase. The payment was a debit to Purchases and a credit to Cash.
July 15.
Sandhill sold goods for $9,225; Sales was credited and Cost of Goods Sold was debited for this amount. The cost of the inventory sold was $3,600. The terms of the sale were 1/15, n/30, FOB destination.
15.
Freight charges on the above transaction were debited to Accounts Receivable and credited to Cash for $225. The bookkeeper believed the customer had to pay for the freight charges.
17.sandhill's manager gave the customer from July 15 a $400 allowance. The entry made to record the allowance was a debit to Sales and a credit to Sales Returns and Allowances.
prepare correct entries with name title, debit,credit
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