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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 39
Recording sales, sales returns, cash discounts, and cash receipts for a wholesale business.
The Urban Florist is a wholesale shop that sells flowers, plants, and plant supplies. Transactions involving sales and cash receipts for the firm during May 2013 follow. The firm sells its merchandise for cash and on open account. During May, The Urban Florist engaged in the following transactions:
INSTRUCTIONS
Record the transactions in a general journal. Use 12 as the page number.
Analyze: What was the amount of the cash discount taken by Annie's Flowers on May 10?
The Urban Florist is a wholesale shop that sells flowers, plants, and plant supplies. Transactions involving sales and cash receipts for the firm during May 2013 follow. The firm sells its merchandise for cash and on open account. During May, The Urban Florist engaged in the following transactions:
INSTRUCTIONS
Record the transactions in a general journal. Use 12 as the page number.
Analyze: What was the amount of the cash discount taken by Annie's Flowers on May 10?
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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