Kevin Company buys merchandise on account from John Company. The selling price of the goods is $780,

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Kevin Company buys merchandise on account from John Company. The selling price of the goods is $780, and the cost of the goods is $520. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: May 20, 2013 06:32 AM

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Kevin Company buys merchandise on account from John Company. The selling price of the goods is $780,

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Accounting Principles

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