EXERCISE 18-2 (15-20 minutes)

EXERCISE 18-2 (15-20 minutes) (a)   1.    6/3     Accounts Receivable—Kim Rhode.............      5,000                                   Sales..........................................................                       5,000                6/5       Sales Returns and Allowances.................          400                                     Accounts Receivable—Kim Rhode..                          400                6/7       Transportation-Out.......................................            24                                     Cash........................................................                             24                6/12     Cash................................................................      4,508                             Sales Discounts (2% X $4,600)..................            92                                     Accounts Receivable—Kim Rhode..                       4,600         2.    6/3       Accounts Receivable—Kim Rhode..........      4,900