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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 46
Recording a sale made on account, with a sales discount.
On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $2,000 on Invoice 1001, terms 2/10, n/30. Payment was received in full from Fronke's Franks, less discount, on April 10.
Required: Record the transactions on April 1 and April 10. Use 14 as the journal page number.
On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $2,000 on Invoice 1001, terms 2/10, n/30. Payment was received in full from Fronke's Franks, less discount, on April 10.
Required: Record the transactions on April 1 and April 10. Use 14 as the journal page number.
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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