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Morrow Company records invoices at gross in its voucher system.

Morrow Company records invoices at gross in its voucher system. From the following transactions, (a) Record in

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Morrow Company records invoices at gross in its voucher system. From the following transactions,

(a) Record in general journal form the appropriate entries at gross and?

(b) Record the entries as if Morrow Company recorded invoices at net.

Transcribed Image Text:

201X Aug. 12 Bought merchandise on account from Kable Corporation; terms 2/10, n/30, $9,500. Voucher no. 297 was prepared. 26 Issued check no. 600 in payment of voudcher no. 297.

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a 201X Aug 12 Purchases 9 5 0 0 00 Vouchers Payable Kable ...View the full answer

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College Accounting A Practical Approach

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Question Posted: Mar 03, 2020 07:36 AM

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