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How do I get answer B? Information related to Nast's Co. Is presented below. 1 2 On April 5, purchased merchandise from Mockingbird Company for
How do I get answer B?
Information related to Nast's Co. Is presented below. 1 2 On April 5, purchased merchandise from Mockingbird Company for $ 20,100 terms 2/10, net/30, FOB shipping point On April 6 paid freight costs of $ 510 on merchandise purchased from Mockingbird. On April 7, purchased equipment on account for $ 29,100 On April 8, returned damaged merchandise to Mockingbird Company and was granted a $3.500 credit for returned 3. 4. merchandise 5. On April 15 pald the amount due to Mockingbird Company in full Account Titles and Explanation Debit Credit April 5 Inventory 20,100 Accounts Payable 20,100 April 6 Inventory 510 Cath 510 April Equipment 29.100 Accounts Payable 29.100 April 8 Accounts Payable 3.500 Inventory 3600 April 15 Accounts Payable 16,600 Inventory 332 Cash 80268 e Textbook and Media (b) X Your answer is incorrect. On April 20, Nash's sold 50% of the goods purchased from Mockingbird. What amount would they record as cost of goods sold? Cost of goods sold $ 8,134 Assistance Used e Textbook and Media List of Accounts Attempts: 1 of 4 used Submit Answer Save for Later Using multiple attempts will impact your score 25% score reduction after attempt 3 Step by Step Solution
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