The customer returns 50 units before paying the invoice
GemStone sells 500 units of inventory for $12,000 on account. The units cost $10 each. The customer returns 50 units before paying the invoice. Prepare the journal entries to record each transaction under the perpetual method.
Now Priced at $10 (50% Discount)
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on july 4 2010 chen company issued for 4200000 a total of 40000 shares of 100 par value 7 noncumulative preferred stock
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gemstone sells 500 units of inventory for 12000 on account the units cost 10 each the customer returns 50 units before
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