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Brief Exercise 7-04 Skysong Company sold $8,570 of its specialty shelving to Elkins Office Supply Co. on account. Prepare the entries when (a) Skysong makes
Brief Exercise 7-04 Skysong Company sold $8,570 of its specialty shelving to Elkins Office Supply Co. on account. Prepare the entries when (a) Skysong makes the sale. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (b) Skysong grants an allowance of $700 when some of the shelving does not meet exact specifications but still could be sold by Elkins. (If no entry is required, select "No Entry" for the account tities and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (c) at year-end. Skysong estimates that an additional $198 in allowances will be granted to Elkins. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEYT
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