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16 February, 06:35

Warner Corp. sells goods on account for $10,000 on April 2. On April 20, the customer returns $3,000 of the merchandise. The customer has not yet paid for any of the goods. What is the entry Warner will make on April 20 when the goods are returned?

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  1. 16 February, 06:40
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    The journal entry are as follows

    On April 20

    Sales returns A/c Dr $3,000

    To Account receivable A/c $3,000

    (Being the sales returned of goods is recorded)

    While recording this given transaction, we debited the sales return account and credited the account receivable account so that the proper posting could be done
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Home » Business » Warner Corp. sells goods on account for $10,000 on April 2. On April 20, the customer returns $3,000 of the merchandise. The customer has not yet paid for any of the goods. What is the entry Warner will make on April 20 when the goods are returned?
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