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Financial Accounting handler.jsp.pdf x + File | C:/Users/coach/OneDrive/Pictures/Screenshots/handler.jsp.pdf *** Not syncing 1 of 4 Q (L Page view A Read aloud TAdd text Draw Highlight
Financial Accounting
handler.jsp.pdf x + File | C:/Users/coach/OneDrive/Pictures/Screenshots/handler.jsp.pdf *** Not syncing 1 of 4 Q (L Page view A Read aloud TAdd text Draw Highlight Erase Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System The following were selected from among the transactions completed by Harrison Company during November of the current year: Nov. Purchased merchandise on account from Moonlight Co., list price $81,000, trade discount 25%, terms FOB 3. destination, 2/10, n/30. 4. Sold merchandise for cash, $37,890. The cost of the merchandise sold was $24,470. Purchased merchandise on account from Papoose Creek Co., $43,850, terms FOB shipping point, 2/10, 5. n/30, with prepaid freight of $810 added to the invoice. Returned $12,000 ($16,000 list price less trade discount of 25%) of merchandise purchased on November 6. 3 from Moonlight Co. Sold merchandise on account to Quinn Co., $16,330 with terms n/15. The cost of the merchandise sold was 8. $9,860. 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14. Sold merchandise on VISA, $250,370. The cost of the merchandise sold was $129,670. 15. Paid Papoose Creek Co. on account for purchase of November 5. 23. Received cash on account from sale of November 8 to Quinn Co. Sold merchandise on account to Rabel Co., $56,500, terms 1/10, n/30. The cost of the merchandise sold 24. was $36,180. 28. Paid VISA service fee of $3,430. Paid Quinn Co. a cash refund of $1,440 for damaged merchandise from sale of November 8. Quinn Co. kept 30. the merchandise. Required: Journalize the transactions. If an amount box does not require an entry, leave it blank. Nov. 3 Nov. 4-sale H Type here to search i 46F 6:53 PM 11/14/2021
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