I need help in my accounting homework.? 1 answer below »

1) Rasner Co. returned defective goods costing $3,000 to Markum Company on March 19, for credit. The goods were purchased April 10, on credit, terms 3/10, n/30. What is the entry by Rasner Co. on April 19, in receiving full credit?

2) Mather Company made a purchase of merchandise on credit from Underwood Company on August 8,for $9,000, terms 3/10, n/30. On August 17, Mather makes the entry on August 17 for Mather Company is

3) On July 9, Neal Company sells goods on credit to Al Dolan for $2,500, terms 1/10, n/60. Neal receives payment on July 18. The entry by Neal on July 18 is:

a. Cash………………………………… 2,500
Accounts Receivable…………………………… 2,500

b. Cash………………………………… 2,500
Sales Discounts ………………………………….… 25
Accounts Receivable……………………………

c. Cash…………………………………
Sales Discounts ………………………………….…
Accounts Receivable……………………………

d. Cash………………………………… 2,525
Sales Discounts ………………………………….… 25
Accounts Receivable……………………………

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