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question the following are selected transactions of wilson inc april 20 sold on acco 4290188

Question

 

The following are selected transactions of Wilson Inc; April 20. Sold on account to Acme Stores merchandise for $ 900 Terms FOB shipping point 2/10. N/30. The freight charges paid were $8.5, Merchandise cost $600. April 21. Sold to Acme goods for cash $300 (cost $200) with terms FOB Destination Freight paid was $50. April 27. Acme stores returned $100 of merchandise for credit, merchandise cost was $65. April 30. Received a check from Acme Stores for Payment in full For April 20th Sale. Prepare the journal entries for the above transactions As they would appear on the accounting records of: Wilson Inc. Acme Stores

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