=+PR 6-3A Sales-related transactions obj. 3 1. Net income: $120,000 300 Chapter 6 Accounting for Merchandising
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=+PR 6-3A Sales-related transactions obj. 3
✔ 1. Net income:
$120,000 300 Chapter 6 Accounting for Merchandising Businesses Aug. 14. Sold merchandise on account to Osgood Co., $11,800, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $7,000.
15. Received check for amount due from Epworth Company for sale on August 5.
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