Homework Answers
|
Date |
Accounts and Explanation |
Debit |
Credit |
|
March 2 |
Accounts Receivable |
45,800 |
|
|
Sales |
45,800 |
||
| ( To record sales) | |||
|
March 5 |
Sales returns and allowance |
2,500 |
|
|
Accounts receivable |
2,500 |
||
| ( To record sales returns) | |||
|
March 11 |
Cash |
43,300 |
|
|
Accounts receivable |
43,300 |
||
| ( To record payment received from customer) |
Working note:
Final amount due = Sales - sales returns
= 45,800 – 2,500
= AED $43,300
Kindly comment if you need further assistance. Thanks‼!
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