Question : 11) Spice Company completed the following transactions: May 10Prepared voucher #301 : 1177315
11) Spice Company completed the following transactions: May 10Prepared voucher #301 for purchase of merchandise for $3,600 from Sugar Company 12Returned $500 of the merchandise purchased from Sugar because of poor quality. Cancelled voucher #301 and replaced it with voucher #305. Required: Prepare journal entries to record the above transactions. Assume Spice uses the gross approach method for recording purchases. Omit explanations. […]