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19-Jul Sold merchandise that cost $1,000 to Mannion Company for $1,400 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. 30-Jul
19-Jul Sold merchandise that cost $1,000 to Mannion Company for $1,400 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. 30-Jul Received the balance due from Mannion Company for the invoice dated July 19, net of discount. The answer below is wrong: 15 30-Jul Cash 980 Sales discounts 20 Accounts receivable - Mannion 1,000
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Accounting A Smart Approach
Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles
2nd Edition
0199674914, 978-0199674916
