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Journalize the following transactions for Acme Corporation:

September 1 Acme Corporation sold $123,800 of merchandise on account to W.E. Coyote Co. with credit terms of 2/10, n/30, FOB Shipping Point. Cost of merchandise sold was $71,300.

September 3 Acme Corporation paid $180 shipping charges to benefit W.E. Coyote Co., charges were added to the bill.

September 6 W.E. Coyote Co. returns $15,900 of damaged merchandise. The cost of merchandise returned was $10,200.

September 15 W.E. Coyote Co. paid the amount owed, less return and discount.

Journal
DateDescriptionDebitCredit
September 1
September 1
September 1
September 1
September 3
September 3
September 6
September 6
September 6
September 6
September 15
September 15
September 15