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.
Definitions:
Promotion
A change of assignment to a job at a higher level in the organization
Cultural Audit
An assessment process that reviews an organization's cultural alignment, values, practices, and behaviors.
Goal Alignment
The process of ensuring that individual, team, and organizational objectives are in agreement and contribute to the company's strategy.
Forecasting
The process of making predictions about the future based on past and present data analysis, often used in business for planning purposes.
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