On october 1m mutch company sold merchadise in the amount, Financial Management

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On october 1m mutch company sold merchadise in the amount

On October 1m Mutch Company sold merchadise in the amount of $5,800 to Carr Company, with credit terms of 2/10,n/30. The cost of the items sold is $4,000. Mutch uses the perpetual inventory system. On October 4, Carr returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Mutch must make on October 4 is:

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Financial Management: On october 1m mutch company sold merchadise in the amount

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Financial Management: On october 1m mutch company sold merchadise in the amount

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