On May 3, Dinh Company sold $500,000 of merchandise to Thao Company, terms 2/10, n/30. The cost
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On May 3, Dinh Company sold $500,000 of merchandise to Thao Company, terms 2/10, n/30. The cost of the merchandise sold was $325,000. Prepare the journal entry to record this transaction on Dinh Company’s books using a perpetual inventory system. Omit explanations.
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May 3 Accounts Receivable 5000...View the full answer
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Related Book For 
College Accounting
ISBN: 1986
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
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