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2- Identifying journal of entry Nov 3 The company purchased $3 200 of merchandise on credit from Hart Co, terms n/20. 7 The company sold
2- Identifying journal of entry
Nov 3 The company purchased $3 200 of merchandise on credit from Hart Co, terms n/20. 7 The company sold merchandise costing $840 on credit to J. Than for $1,000 subject to a $20 sales discount if paid by the end of the month. 9 The company borrowed $3, 760 cash by signing a note payable to the bank. 13 J All the owner, contributed $5,000 cash to the company. 18 The company sold merchandise costing $250 to B. Cox for $330 cash. 22 The company paid Hart Co. $3, 200 cash for the merchandise purchased on November 3. 27 The company receded $960 cash from J. Than in payment of the November 7 purchase. 30 The company paid salaries of $1, 660 in cash Step by Step Solution
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