Journalize the following sales transactions for Power Equipment using the periodic inventory system.Explanations are not required.
July 1: Sold $4,200 of equipment on account,credit terms are n/30,FOB destination.
July 5: Paid $90 on freight out.
July 11: Received payment from the customer for the full amount due on the July 1 sale.

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The Answer of Journalize the following sales transactions for Power Equipment using the periodic inventory system.Explanations are not required.
July 1: Sold $4,200 of equipment on account,credit terms are n/30,FOB destination.
July 5: Paid $90 on freight out.
July 11: Received payment from the customer for the full amount due on the July 1 sale.

Journalize the Following Sales Transactions for Power Equipment Using the Periodic