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ACC112 Ex4: Steve's Skateboards uses the periodic inventory system and had the following sales transactions during April: Prepare the journal entries that Steve's Skateboards must
ACC112 Ex4: Steve's Skateboards uses the periodic inventory system and had the following sales transactions during April: Prepare the journal entries that Steve's Skateboards must make to record these transactions. 1115 April 2. Sold merchandise to Hobby Shop on credit for $4,800, terms 1/15, n/60. The items sold had a cost of $2,700. April 4. Hoppy Shop returned merchandise that had a selling price of $200. The cost of merchandise returned was $110. April 13. Hoppy Shop paid for merchandise sold on April 2, Taking any appropriate discount earned
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