Keo Salad Buffet buys merchandise on account from Cesar Company. The selling price of the goods is

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Keo Salad Buffet buys merchandise on account from Cesar Company. The selling price of the goods is $800, and the cost of the goods is $560. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies. LO6

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Hospitality Financial Accounting

ISBN: 9780471270553

1st Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel, Agnes L DeFranco

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