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can someone help me with this answer please Required information [The following information applies to the questions displayed below.] The following are the sales transactions
can someone help me with this answer please
Required information [The following information applies to the questions displayed below.] The following are the sales transactions of EcoMart Merchandising. EcoMart uses a perpetual inventory system and the gross method. October 1 Sold merchandise for $1,800, with credit terms n/30, involce dated october 1 . The cost of the nerchandise is $1,050. 0ctober 6 . The custoner in the October 1 sate returned $180 of nerchandise for full credit. The nerchandise, which had cost $105, is returned to inventory. october 9 Sold nerchandise for $850 cash. Cost of the nerchandise is $570. Dctober 30 Received paynent for the amount due fron the October 1 sale less the return on october 6. Jse the above transactions, to analyze each transaction by indicating its effects on the components of the income statementpecifically, identify the accounts and amounts (including + or ) for each transaction. lounts (including + or ) for each transaction Step by Step Solution
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