Prepare the journal entries to record the following transactions on Markowitz Company's books using a perpetual inventory system. On February 6, Wildhorse Company sold $102,000 of merchandise to the Lyman Company, terms 2/10, net /30. The cost of the merchandise sold was $71,000.
On February 8, the Lyman Company returned $13,000 of the merchandise purchased on February 6. The cost of the merchandise returned was $9,400. On February 16 Wildhorse Company received the balance due from the Lyman Company.

Date       Account titles and explanation   Debit        Credit

Feb 6     Accounts Receivable                   $102,000

                   Sales Revenue                                           $102,000

             Cost of Goods Sold                        $71,000

                    Inventory                                                    $71,000

Feb 8     Sales Returns and Allowances     $13,000

                     Accounts Receivable                                 $13,000

               Inventory                                       $9,400

                       Cost of Goods Sold                                  $9,400

Feb 16      Cash ($89,000*0.98)                   $87,220

                Sales Discounts                            $1,780

                    Accounts Receivable ($102,000-$13,000)  $89,000

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.