The following are selected transactions for Jefferson, Inc., during the month of April:
April 20 Sold and shipped on account to Lind Stores merchandise for $3,000, with terms of 1/10, n/30.
April 27 Lind Stores returned defective merchandise billed at $300 on April 20.
April 29 Received from Lind Stores a check for full settlement of the April 20 transaction.
Required:
Prepare the necessary journal entries for
(a) Jefferson, Inc., and
(b) Lind Stores. Both companies use the periodic inventory system.

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Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400