9. Using the facts in Problem #7, please do the journal entry for your company selling...

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9. Using the facts in Problem #7, please do the journal entry for your company selling 250 items of your inventory for $140,000 with the terms 1/10, n/30 on 2/10/19. Note that the "perpetual" and the "periodic" methods use the same account names when selling merchandise. 2/10/19 A/ 140000 Sales 140000 Then do the journal entry for your customer returning $10,000 of the inventory on 2/13/19. 2/13/19 JRA 10,000 #9 Continued. AIR 10,000 Then do the journal entry for your customer paying you, in full, on 2/18/19 for the nerchandise that they kept. Cas 9. Using the facts in Problem #7, please do the journal entry for your company selling 250 items of your inventory for $140,000 with the terms 1/10, n/30 on 2/10/19. Note that the "perpetual" and the "periodic" methods use the same account names when selling merchandise. 2/10/19 A/ 140000 Sales 140000 Then do the journal entry for your customer returning $10,000 of the inventory on 2/13/19. 2/13/19 JRA 10,000 #9 Continued. AIR 10,000 Then do the journal entry for your customer paying you, in full, on 2/18/19 for the nerchandise that they kept. Cas

Answer rating: 100% (QA)

Answer Journal Entry for Selling Merchandise on 21019 Debit Accounts Receivable Cust... View the full answer