sales returns at the end of oach month. (Record debits first, then credits.Exclude explanations from journal…

sales returns at the end of oach month. (Record debits first, then credits.Exclude explanations from journal entries Assume the company records sales at the net amount) Date Terms 1/10, /EOM, FOB shipping point 10 Sold nventory for cash $1,000 Cost of goods, $640 FOB terms บ10, “VEOM Costo, goods. $5.400 FOB shpping pont 12 Paid treght bll of $60 on January 10 sale We were unable to transcribe this imageWe were unable to transcribe this image