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Q1) On 3/15, Janet's Spa bought 90 plush robes from Randy's Spa Supplies. Randy's charged Janet's Spa $15,750 for the robes. Shipment was delivered FOB Shipping. Freight bill was for $270. Randy paid shipper and included amount in Janet's invoice. Credit terms offered by Randy's were 1/10, n/30. Randy's inventory records show value of $6,480 for the robes.

1. Create sales portion of entry for this sale on Randy's books.

2. Create cost of sales portion of entry for this sale on Randy's books.

Accounting Basics, Accounting

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