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Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount Sales were $60,000. Cost of merchandise sold was 65% of sales. 30% of
Sales were $60,000. Cost of merchandise sold was 65% of sales. 30% of sales were for cash. [Note: Record the complete sales entry first, and the complete expense entry second.] Account: Account: Account: Account: Account: Account: Cash Accounts Receivable Retained Earnings Inventory Retained Earnings Leave Blank Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount:
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Financial Reporting and Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
13th edition
1285401603, 1133188796, 9781285401607, 978-1133188797
