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On November 1,2018,A & C Janitorial Supply Sold Merchandise on Account

Question 132

Essay

On November 1,2018,A & C Janitorial Supply sold merchandise on account with a cost of $4,200 for $6,000 and payment terms of 3/10,n/30.The company uses a perpetual inventory system.Prepare the journal entries for this transaction.Omit explanations.

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