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Golf World sold merchandise to Mulligans for $66,000, offering terms of 1/15,n/30. Mulligans pald for the merchandise within the discount period. Both companies use perpetual

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Golf World sold merchandise to Mulligans for $66,000, offering terms of 1/15,n/30. Mulligans pald for the merchandise within the discount period. Both companies use perpetual inventory systems a. Prepare journal entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the original cost of the merchandise to Golf World had been $42,900. b. Prepare journol entries in the accounting records of Mulligans to account for the purchase and subsequent payment: Mulligans records purchases of merchandise at net cost. c. Assume that, because of a change in personnel, Mulligans falled to pay for this merchandise within the discount period. Prepare the Journal entry in the accounting records of Mulligans to record payment after the discount period. Complete this question by entering your answers in the tabs below. Prepare foumal entries in the accounting records of Golf World to account for this saie and the subsequent collection. Assume the originat cost of the merchandise to Golf World had been $42,900. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the sale of merchandise on account to Mulligans. Note: Enter debits before credits: Golf World sold merchandise to Mulligans for $66,000, offering terms of 1/15,n/30. Mulligans paid for the merchandise within the discount period. Both companies use perpetual inventory systems. a. Prepare journal entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the original cost of the merchandise to Golf World had been $42,900. b. Prepare journal entries in the accounting records of Mulligans to account for the purchase and subsequent payment. Mulligans records purchases of merchandise at net cost. c. Assume that, because of a change in personnel, Mulligans falled to pay for this merchandise within the discount period, Prepare the journal entry in the accounting records of Mulligans to record payment after the discount period. Complete this question by entering your answers in the tabs below. Prepare journal entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the original cost of the merchandise to Golf World had been $42,900. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to recognize the cost of goods sold relating to the sale to Mulligans. Notet: Enter debits before credits. Golf World sold merchandise to Mulligans for $66,000, offering terms of 1/15,n/30. Mulligans paid for the merchandise within the discount period. Both companies use perpetual inventory systems. a. Prepare journal entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the original cost of the merchandise to Golf World had been $42,900. b. Prepare Journal entries in the accounting records of Mulligans to account for the purchase and subsequent payment. Mulligans records purchases of merchandise at net cost. c. Assume that, because of a change in personnel, Mulligans failed to pay for this merchandise within the discount period. Prepare the journal entry in the accounting records of Mulligans to record payment after the discount period. Complete this question by entering your answers in the tabs below. Prepare journal entries in the accounting records of Golf Worid to account for this sale and the subsequent collection, Assume the original cost of the merchandise to Golf World had been $42,900. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Record the collection of account receivable from Mulligans within the discount period. Note: Enter debits before credits. Golf World sold merchandise to Mulligans for $66,000, offering terms of 1/15,n/30. Mulligans paid for the merchandise within the discount perlod. Both companies use perpetual inventory systems. a. Prepare journal entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the original cost of the merchandise to Golf World had been $42,900. b. Prepare journal entries in the accounting records of Mulligans to account for the purchase and subsequent payment. Mulligans records purchases of merchandise at net cost. c. Assume that, because of a change in personnel, Mulligans falled to pay for this merchandise within the discount period. Prepare the journal entry in the accounting records of Mulligans to record payment after the discount period. Complete this question by entering your answers in the tabs below. Prepare journal entries in the accounting records of Mulligans to account for the purchase and subsequent payment, Mulligans records purchases of merchandise at net cost. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the purchase of merchandise from Golf World. Noter Enter debits before credits. Golf World sold merchandise to Mulligans for $66,000, offering terms of 1/15,n/30. Mulligans paid for the merchandise within the discount period. Both companies use perpetual inventory systems. a. Prepare journal entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the original cost of the merchandise to Golf World had been $42,900. b. Prepare journal entrles in the accounting records of Mulligans to account for the purchase and subsequent payment. Mulligans records purchases of merchandise at net cost. c. Assume that, because of a change in personnel, Mulligans falled to pay for this merchandise within the discount period. Prepare the journal entry in the accounting records of Mulligans to record payment after the discount period. Complete this question by entering your answers in the tabs below. Prepare journal entries in the accounting records of Mulligans to account for the purchase and subsequent payment. Mulligans records purchases of merchandise at net cost. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Record the payment of account payable to Golf World within the discount period. Note: Enter debits before credits. Golf World sold merchandise to Mulligans for $66,000, offering terms of 1/15,n/30. Mulligans paid for the merchandise within the discount period. Both companies use perpetual inventory systems. a. Prepare joumal entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the original cost of the merchandise to Golf World had been $42,900. b. Prepare journal entries in the accounting records of Mulligans to account for the purchase and subsequent payment. Mulligans records purchases of merchandise at net cost. c. Assume that, because of a change in personnel, Mulligans failed to pay for this merchandise within the discount period. Prepare the journal entry in the accounting records of Mulligans to record payment after the discount period. Complete this question by entering your answers in the tabs below. Assume that, because of a change in personnel, Mulligans failed to pay for this merchandise within the discount period. Prepare the journal entry in the accounting records of Mulligans to record payment after the discount period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field,) Journal entry worksheet Record the payment of account payable to Golf World and loss of purchase discount due to failure to pay within discount period. Note: Enter debits before credits

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