Question
Hello these are questions from a study guide, if i could get help on what to do or how to solve it, that would be
Hello these are questions from a study guide, if i could get help on what to do or how to solve it, that would be helpful, thank you
Chapter 5: 1. Prepare a schedule of cost of goods sold. Appendix 2 periodic inventory. See example in exhibit 20 on page 276 of the text. (7.5 points)
2. Prepare the following journal entries (7.5 points): a. Cash sale, with point-of-sale coupon redeemed, with sales tax. b. Visa sale, with coupon that was printed at the bottom of a receipt, with sales tax. c. Dont forget that you have two journal entries for sale transactions.
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