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Concord Company sold goods on account to Kenneth Enterprises with terms of 2/10, n/30. The goods had a cost of $672 and a selling price
Concord Company sold goods on account to Kenneth Enterprises with terms of 2/10, n/30. The goods had a cost of $672 and a selling price of $1,232. Both Concord and Kenneth use a perpetual inventory system. (List all debit entries before credit entries, Credit account titles are automatically indented when the amount Is entered. Do not indent manually.)
1. Record the sale on the books of Concord. 2. Record the purchase on the books of KennethStep by Step Solution
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