Refer to the KC Toys facts in Short Exercise 5-2. Requirements 1. Journalize the following transactions. Explanations
Question:
Requirements
1. Journalize the following transactions. Explanations are not required.
a. Purchase of the goods on July 8, 2012.
b. Return of the damaged goods on July 12, 2012.
c. Payment on July 15, 2012.
2. In the final analysis, how much did the inventory cost KC Toys?
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Req 1 Journal DATE ACCOUNTS AND EXPLANATIONS POST REF DEBIT CREDIT ...View the full answer
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
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