On Jan 1 2015, Xiaomi inc sold electric fans to target co. for $60,000, with term 2/10, N/30. On 1/2/2015 Target co. returned the merchandise with a sales price of $10,000. Then on 1/6/2015, Target co. paid the reminder (ignore cost of goods entries)
Do the 3 journal entries below as they should appear on Xiaomi inc. books
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1/1/15 Dr.______________________________
Cr.______________________________
1/2/15 Dr.______________________________
Cr.______________________________
1/6/15 Dr._____________________________
Dr._____________________________
Cr._____________________________
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