On November 1,2012,Everett Janitorial Supply Sold Merchandise for $5,000,FOB Destination,2/10,n/30 $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

question 49

Essay

On November 1,2012,Everett Janitorial Supply sold merchandise for $5,000,FOB destination,2/10,n/30.The merchandise cost $3,200.
-Everett paid transportation costs of $100.On November 6,2012,merchandise of $1,000 from the November 1 sale was returned.The returned merchandise had cost $600.Please provide the two journal entries to record the return.
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$ $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

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Definitions:

Relationship Development

The process of building and maintaining connections with business partners, customers, or other stakeholders through communication, engagement, and mutually beneficial interactions.

Promotional Mix

The combination of marketing tools and strategies a company uses to communicate its value proposition and engage with its target audience.

Product Characteristic

A distinct attribute or feature of a product that can include quality, functionality, design, and performance among others.

Complexity

The state of having multiple parts interrelated in such a way that it is difficult to understand, predict, or control outcomes.