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12/1/2020 Sew What sold 100 bolts of upholstery fabric to Design Center for $20,000 on account. Cost of the fabric was $16,000. 12/15/2020 Design Center
| 12/1/2020 | Sew What sold 100 bolts of upholstery fabric to Design Center | |||
| for $20,000 on account. Cost of the fabric was $16,000. | ||||
| 12/15/2020 | Design Center returns 4 bolts of the fabric which | |||
| was defective. | ||||
| 12/31/2020 | Based on past experience, Sew What estimates that the | |||
| normal return rate is 10% of sales. | ||||
| PREPARE THE NECESSARY JOURNAL ENTRIES | ||||
| GENERAL JOURNAL | ||||
| DATE | DEBIT | CREDIT | ||
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Energy Audits A Workbook For Energy Management In Buildings
Authors: Tarik Al-Shemmeri
1st Edition
0470656085, 978-0470656082
