Journalize each of the transactions in Exercise 29 assuming a periodic inventory system and PST at 8%
Question:
In Exercise 29
June 1 Purchased $2,000 of merchandise; terms 1/10, n/30.
5 Sold $1,000 of merchandise for $1,400; terms n/15.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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