Question

prepare journal entry
1. sold goods to mike for 3600
2. mike returned goods worth 600
3. received from mike on account - 2750​

Answer 1

Answer:

mike a/c dr 3600

to sales a/c 3600

sales return a/c dr 600

to mike a/c 600

bank a/c dr 2750

discount allowed dr 250

to mike 3000