Alpha Company used the periodic inventory system for purchase & sales of merchandise. Discount terms for both purchase & sales are, FOB Destination,...
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Alpha Company used the periodic inventory system for purchase & sales of merchandise. Discount terms

for both purchase & sales are, FOB Destination, 2/10, n30 and the gross method is used.


> Alpha Company sold on account $2,500 of merchandise to Bravo Company on May 2, 2016. Selling price was $4,000. Freight charges related to this transaction of $150 were paid by Alpha Company.


> Bravo Company returned, to Alpha Company, $250 of this merchandise on May 3, 2016. Merchandise was sold for $400


How would I use this information to enter Alpha Company's General Journal entries for May 2 & May 3?

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