Essay
On June 2,Sandoval Corporation purchased $7,000 of merchandise from Johnston Company,terms 2/10,n/30 and prepared voucher #402.Sandoval returned $400 of the supplies on June 8,because of poor quality.Sandoval cancelled voucher #402 and replaced it with #415.
Required: Prepare journal entries to record the above transactions.Assume Sandoval uses the net approach method for recording purchases.Omit explanations.
Correct Answer:
Verified
Correct Answer:
Verified
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