Question
how would I journalize the following entries assuming the use of the perpetual inventory system: June 27:Sold goods on account for $10,000,terms 2/15,n/30.The cost of
how would I journalize the following entries assuming the use of the perpetual inventory system:
June 27:Sold goods on account for $10,000,terms 2/15,n/30.The cost of the goods is $6700.
July 5:Received payment for the goods sold on June 27th.
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
