Record the following transactions on the books of Galaxy Co. (a) On July 1, Galaxy Co. sold

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Record the following transactions on the books of Galaxy Co.

(a) On July 1, Galaxy Co. sold merchandise on account to Kingston Inc. for $17,200, Advanced $8,000 to an employee.

terms 2/10, n/30.

Record basic accounts receivable transactions.

(LO 2)

(b) On July 8, Kingston Inc. returned merchandise worth $3,800 to Galaxy Co.

(c)

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Financial Accounting

ISBN: 9780470929384

8th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather

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Question Posted: Jul 01, 2024 11:13 AM

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Record the following transactions on the books of Galaxy Co. (a) On July 1, Galaxy Co. sold

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Financial Accounting

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