Presented below are selected transactions of Concord Apparel. Concord sells in large quantities to other companies and also sells it
product in a small retail outlet.
March 1 Sold merchandise on account to Karen Company for CHF8,800, terms 6/10, n/30.
3
Karen Company returned merchandise worth CHF700 to Concord.
9
Concord collected the amount due from Karen Company from the March 1 sale.
15
Concord sold merchandise for CHF 1,000 in its retail outlet. The customer used his Concord credit card.
31
Concord added 1.8% monthly interest to the customer's credit card balance.
Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are
automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)