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Help Save & Exit E6-25 (Supplement 6A) Recording Journal Entries for Net Sales with Credit Sales and Sales Discounts (Gross Method) (LO 6-S1) The following
Help Save & Exit E6-25 (Supplement 6A) Recording Journal Entries for Net Sales with Credit Sales and Sales Discounts (Gross Method) (LO 6-S1) The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,000 purchase with cash. The goods cost Evergreen Company $600. 15 Sold merchandise to Claudio's Chair Company at a selling price of $5,000 on teras 3/10, n/30. The goods cost Evergreen Company $3,500. 16 Sold merchandise to Otto's Ottomans at a selling price of $3,000 on teras 3/10, n/30. The goods cost Evergreen Company $1,900. 23 Received cash from Claudio's Chair Company for the amount due from July 15. 31 Received cash from otto's Ottomans for the amount due fron July 16. ences Required: Prepare journal entries to record the transactions, assuming Evergreen Company records discounts using the gross method in a perpetual inventory system(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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