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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 74
Sales transactions?
Journalize the following merchandise transactions:
A. Sold merchandise on account, $92,500 with terms 1/10, n/30. The cost of the goods sold was $55,500.
B. Received payment less the discount.
C. Refunded $750 to customer for defective merchandise that was not returned.
Journalize the following merchandise transactions:
A. Sold merchandise on account, $92,500 with terms 1/10, n/30. The cost of the goods sold was $55,500.
B. Received payment less the discount.
C. Refunded $750 to customer for defective merchandise that was not returned.
Explanation
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Following are the journal recording of t...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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