Question

i need help with dec 19 transaction it keeps telling me answers are wrong

thank you

X LJ-ZUL (SIIDI IU) More Info - X Pastel Interiors reported the following transactions in December: (Click on the icon to view the transactions.) Read the requirements. Journal Entry Dec 2 10 11 15 19 Sold merchandise on account to Tony Baldwin, $1,100, terms 3/10, n/30. Sold merchandise on account to Bruce Oswald, $2,000, terms 3/10, n/30. Collected payment from Baldwin for the December 2 sale. Oswald returned $1,000 of the merchandise purchased on December 10. Collected payment from Oswald for the balance of the December 10 sale. Date Accounts Debit Credit Dec 15 1,000 Sales Refunds Payable Accounts Receivable—B. Oswald 1,000 Print Done Dec 19: Collected payment from Oswald for the balance of the December 10 sale. Date Credit Journal Entry Accounts Cash Sales Discounts Accounts Receivable-B. Oswald Debit 1940 Dec 19 60 2000 Choose from any list or enter any number in the input fields and then click Check Answer.

Answer 1

Solution:

Date	Accounts	Debit	Credit
Dec. 19	Cash	$             970
	Sales Discount ( $1000 * 3% )	$               30
	Account Receivable-B .Oswald		$           1,000
	(Being account receivables received)

Notes:

1) Total sales on 10th December was $2000 but on 15th December $1000 worth goods were returned

2) Remaining receivable from B. Oswald was $1000 and sales discount on that is $30 as payment is done in 10 days.