Question
Create Journal Entries For: September 30: Sold 15 bicycles on special at $150 each and 5 golf club sets at $350 each. The customer put
Create Journal Entries For:
September 30: Sold 15 bicycles on special at $150 each and 5 golf club sets at $350 each. The customer put 12% on account and paid cash for the rest.
October 15: Collected $500 on account from customers.
October 31: Sold 5 bicycles at $170 each and 15 golf club sets at $380 each in October with 31% on account.
November 17: Collected $950 on account from customers.
November 30: Sold 15 bicycles at $170 each and 10 golf club sets at $380 each in November with 28% on account.
December 18: Received payments from customers toward accounts receivable in amount of $1,000.
December 31: Sold 20 bicycles at $180 each and 5 golf club sets at $400 each in December with 22% on account.
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Risky Business Principles Of Auditing Property And Casualty Insurance
Authors: Seth A. Davis, CIA, CPA, CPCU, CFA, CISA
1st Edition
0894139711, 978-0894139710
