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Enter the following transactions into the Return Inward Journal of Johnsons and Sons Enterprise.
March 10, 2020 Mama G returned 5 cartons of can malt at ₦2000 each.
March 20, 2020 Ugo shop returned 20 pairs of Slippers at ₦200 each.
Solution
JOHNSONS AND SONS ENTERPRISES
RETURNS INWARDS JOURNAL
Transfer ₦14,000 to debit side of return inwards account in the general ledger while credit the customer’s account.
Responses