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Journalize all the entries (2nd screenshot - 4th screenshot). The options for the accounts are at the bottom (last 2 screenshots). The requirement is the
Journalize all the entries (2nd screenshot - 4th screenshot). The options for the accounts are at the bottom (last 2 screenshots). The requirement is the in the first screenshot.
I know it says to record the cost of goods sold entries, but no worries you don't have to do this.
----DON'T RECORD THE COST OF GOODS SOLD ENTRIES----
Requirement 1. Record Keete's November transactions, including the cost of goods sold entries for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journa entries.) November 3: Sold $250 of merchandise to Meador's Inc., which paid for the items in cash. The items cost Keefe $75. Do not record the cost of goods sold entry yet We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 3Step by Step Solution
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