Question
Complete the following problems on an excel spreadsheet. Number your problems on a different tab. PA3. The following transactions occurred for Donaldson Inc. during the
Complete the following problems on an excel spreadsheet. Number your problems on a different tab. PA3. The following transactions occurred for Donaldson Inc. during the month of July.Record the transactions for Donaldson Inc. in the proper special journal and subsidiary ledger.
Jul. 1 Sold 50 items to Palm Springs Inc. and offered terms of 2/10, n/30, $4,000 on July 1, and issued invoice #12 on account number #312
Jul. 5 Sold 20 thing-a-jigs to Miami Inc. for $2,150 cash on July 5, and issued invoice #13
Jul. 8 Sold 30 what-is to Smith Mfg. for $5,000 and offered terms of 2/10, n/30; issued invoice #14 on account number #178
Jul. 9 Received payment from Palm Springs Inc.
Jul. 22 Received payment from Smith Mfg. after expiration of the discount period
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