On October 15, Ocburn purchased $2,500 of merchandise on credit. The next day, it recorded sales of

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On October 15, Ocburn purchased $2,500 of merchandise on credit. The next day, it recorded sales of $1,700; cost of sales was $1,200. Record the October 15 and October 16 entries assuming each of the geographical areas noted in Exhibit 11.6. A chart similar to the following might be useful in organizing your answer, where those regions with the same sales taxes are combined in onecolumn.
On October 15, Ocburn purchased $2,500 of merchandise on credit.
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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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