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journal entry Tamarisk Company sold $9,220 of its specialty shelving to Elkins Office Supply Co. on account. Prepare the entries ignoring cost of goods sold
journal entry
Tamarisk Company sold $9,220 of its specialty shelving to Elkins Office Supply Co. on account. Prepare the entries ignoring cost of goods sold entries when (a) Tamarisk makes the sale. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) (b) Tamarisk grants an allowance of $724 when some of the shelving does not meet exact specifications but still could be sold by Elkins: if no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) (c) at year-end; Tamarisk estimates that an additional $203 in allowances will be granted to Elkins. (If no entry is required, select "No Entry" for the occount tittes and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) Step by Step Solution
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