Journalize the following transactions. Assume a perpetual inventory system. 201X 8 Sold merchandise on account, $620, to
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Journalize the following transactions. Assume a perpetual inventory system.
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201X 8 Sold merchandise on account, $620, to Ring Co.; terms 2/10, n/30. Cost of merchandise was $350. Jul. 12 Purchased office equipment on account from TRE Co., $1,900. 13 Made refunds to cash customers, $250, for defective merchandise. The cost of defective merchandise was $40.
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Date 201X Account Titles and Description PR Dr Cr July 8 Accounts Receivable Ring Co 6 2 0 00 Sal...View the full answer
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College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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