Question
a) On July 1, 2019, Apple Co. sold 20 units of PC on account to HV University at $1,000 per unit. Payment term is 3/10,
a) On July 1, 2019, Apple Co. sold 20 units of PC on account to HV University at $1,000 per unit. Payment term is 3/10, n/30. The cost of PC sold is $650 per unit. On July 4, YL returned two PCs. On July 11, Apple co. received the balance due from HV University. Please prepare journal entries to record the transactions above.
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
