Lavender Gifts and Novelties use a perpetual inventory system. All sales are on terms of 2/15, n/30.
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Lavender Gifts and Novelties use a perpetual inventory system. All sales are on terms of 2/15, n/30. During May, the following selected transactions occurred. Identify into which special journal each transaction should be journalized. Also indicate which sub ledger(s) is (are) affected. Use the list of codes to label your answers. Assume a perpetual inventory system.
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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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