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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 36
Recording sales, sales returns, cash discounts, and cash receipts for a wholesale business.
Best Sounds is a wholesale business that sells musical instruments. Transactions involving sales and cash receipts for the firm during April 2013 follow. The firm sells its merchandise for cash and on open account. During April, Best Sounds engaged in the following transactions:
INSTRUCTIONS
Record the transactions in a general journal. Use 11 as the page number.
Analyze: What was the amount of the cash discount taken by Hawk Music Center on April 29?
Best Sounds is a wholesale business that sells musical instruments. Transactions involving sales and cash receipts for the firm during April 2013 follow. The firm sells its merchandise for cash and on open account. During April, Best Sounds engaged in the following transactions:
INSTRUCTIONS
Record the transactions in a general journal. Use 11 as the page number.
Analyze: What was the amount of the cash discount taken by Hawk Music Center on April 29?
Explanation
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Recording sale made on account with a sa...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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