The Coral Co. had the following transactions involving the sale of merchandise. You are to prepare the necessary general journal entries using the perpetual inventory system. All sales are subject to credit terms of 1/10, n/30.
-July 25 Received full payment from Carter and Co.
________ ________ ________
________ ________ ________

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The Answer of The Coral Co. had the following transactions involving the sale of merchandise. You are to prepare the necessary general journal entries using the perpetual inventory system. All sales are subject to credit terms of 1/10, n/30.
-July 25 Received full payment from Carter and Co.
________ ________ ________
________ ________ ________