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During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows Jan. 6 Sold goods
During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows Jan. 6 Sold goods for $200 to Wizard Inc. with terms 4/10, n/30. The goods cost Solitare $110 6 Sold goods to Spyder Corp. for $160 with terms 4/10, n/30. The goods cost Solitare $100. 14 Collected cash due from Wizard Inc. Feb. 2 Collected cash due from Spyder Corp. 28 Sold goods for $130 to Bridges with terms 4/10, n/45. The goods cost Solitare $70. Required: Prepare journal entries to record the transactions, assuming Solitare uses a perpetual inventory system. (If no entry is required for a transaction/event, select" No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the sales on account of $200 to Wizard Inc. on terms 4/10, n/30. Note: Enter debits before credits. Date General Journal Debit Credit Jan. 6 Record entry Clear entry View general journal
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