Journalize the following sales transactions for Tomas Sportswear. Explanations are not required. The company estimates sales returns
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Journalize the following sales transactions for Tomas Sportswear. Explanations are not required. The company estimates sales returns at the end of each month.
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Jul. 1 5 Tomas sold $21,000 of men's sportswear for cash. Cost of goods sold is $10,000. Tomas received a $6,000 sales return on damaged goods from the customer on July 1. Cost of goods damaged is $3,000.
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Related Book For
Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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