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5. Record journal entries for the following sales transactions of Aeris' Florals: a. Oct. 12 Sold 25 bushels of flowers to a customer for $1,150
5. Record journal entries for the following sales transactions of Aeris' Florals: a. Oct. 12 Sold 25 bushels of flowers to a customer for $1,150 cash; cost of sale $725. b. Oct. 23 Sold 40 bushels of flowers for $40 per bushel on credit. Terms of the sale are 4/10,n/30, invoice dated October 21. Cost per bushel is $30 to Aeris' Florals. c. Nov. 1 Received payment in full from the October 23 sale Step by Step Solution
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Financial Reporting Exam Kit Kaplan Approved Acca
Authors: Kaplan Publishing
1st Edition
9781787404137
