On July 8, 2023, Aster Co. issued debit memorandum No. 1 for $400 to Reel Co. for

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On July 8, 2023, Aster Co. issued debit memorandum No. 1 for $400 to Reel Co. for merchandise returned from invoice No. 312, which originally included GST at 5%. Your task is to journalize, record, and post this transaction as appropriate. Use the same account numbers as found in the text for Art’s Clothing Company (see page below 274 of Chapter 6). The general journal page is page 1.


Data from in page 274 of Chapter 6.

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College Accounting A Practical Approach

ISBN: 9780135222416

14th Canadian Edition

Authors: Jeffrey Slater, Debra Good

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