Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
How do you record this transaction?
journal come on!
date 10- sold on account to:
Daune, 10,000 terms 2/10 n/30
Allyssa, 15,000 terms n/60
date 20- collected 7,000 from Allyssa
date 28- collected 4,000 from Daune
date 31- inventory unsold 14,310
thnx.
2 Answers
- Anonymous1 decade agoFavorite Answer
Accounts receivable (Duane) 10,000
Accounts receivable (Allyssa) 15,000
.....Sales............ ................ ................ 25,000
Cash........... ................... .......... 11,000
.....Accounts receivable (Alyssa)..............7,000
.....Accounts receivable (Duane)..............4,000
(Not enough information for handling the last transaction. You need to know the current balance in the inventory account and adjust to the unsold amount of 14,310.)
