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I was able to understand some but beed help finishing Question 4 of 7 > 2.78/5 Sales Reve B6000 86000 (To record merchandise returned) 59500
I was able to understand some but beed help finishing
Question 4 of 7 > 2.78/5 Sales Reve B6000 86000 (To record merchandise returned) 59500 59500 (To record cost of merchandise returned) e Textbook and Media List of Accounts Attempts: 5 of 5 used (c) On March 12. Cullumber Company received the balance due from Bramble Company: Lista debit entries before credit entries Credit account titles are automatically Indented when amount esented. Do not Indent manually. If no entry is required, select "No Entry for the account bitles and enter for the amount) Account Titles and Explanation Debit Credit I eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit An Question 4 of 7 2.78/5 E View Policies Show Attempt History Current Attempt in Progress Prepare the Journal entries to record the following transactions on Cullumber Company's books using a perpetual inventory system (a) Your answer correct On March 2. Cullumber Company sold $860,000 of merchandise on account to Bramble Company, terms 1/10,6/30. The cost of the merchandise sold was $567.000. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually . If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Accounts Receivable 860000 Sales Revenue 860000 To record credit sale) ITE Cost of Goods Sold 567000 Inventory 567000 (To record cost of merchandise sold) eTextbook and Media List of Accounts Attempts: 4 of 5 used (b) Step by Step Solution
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