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9A-4. Journalize the following transactions. Assume a perpetual inventory system. 201X Jul. 8 Sold merchandise on account, $630, to Ring Co.; terms 3/10, n/30.
9A-4. Journalize the following transactions. Assume a perpetual inventory system. 201X Jul. 8 Sold merchandise on account, $630, to Ring Co.; terms 3/10, n/30. Cost of merchandise was $390. 12 Purchased office equipment on account from MEC Co., $1,600. 13 Made refunds to cash customers, $200, for defective merchandise. The cost of defective merchandise was $25.
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
11th edition
125956956X, 978-1259569562
