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7 February 20: Mr. Burns sold his delicious cookies to Candy Store on account $300,000.? ?Mr. Burns offered terms 2/20, n40. ? ? The cost
7 February 20: Mr. Burns sold his delicious cookies to Candy Store on account $300,000.? ?Mr. Burns offered terms 2/20, n40. ? ? The cost of merchandise sold was $150,000. 8. February 28: ? Mr. Burns bought cookie dough (inventory) to keep the cookie assembly line going. Mr. Burns paid cash for the cookie dough $400,000 9. March 1st. Mr. Burns reclassed the current portion of long term notes payable. Reclass only the portion on the balance sheet as of January 1st, 2020. 10. March 5:24 Mr. Burns paid for the following expenses that came in: ? ? Sales Salary Expense $70,000, Advertising Expense $50,000, and Delivery Expense $40,000. All of the expenses were paid in one transaction
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