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question the sweet tooth company sells products to large companies in the surroundin 4289635

Question

The Sweet Tooth Company sells products to large companies in the surrounding cities. On March 3. The Sweet Tooth Company sold merchandise of $5,600 to The Good Neighbor Company on account with the following terms: FOB destination. 2/10. n'30. The total cost of the merchandise sold to The Good Neighbor Company was $3,400. On March 4. The Sweet Tooth Company paid freight costs of $110 for the delivery to The Good Neighbor Company. On March 6. The Good Neighbor Company returned merchandise of $750 to The Sweet Tooth Company. There were no defects with the returned merchandise. The total cost of the merchandise returned was $525. On March 10. The Good Neighbor Company paid its debt to The Sweet Tooth Company in full. Record The Sweet Tooth Company's journal entries for the above transactions assuming the company maintains a perpetual inventory system.

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