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Journalize the following transactions for amazing audio inc. That occurred during the month of April. Amazing audios cost of inventory is 55% of the sales
Journalize the following transactions for amazing audio inc. That occurred during the month of April. Amazing audios cost of inventory is 55% of the sales price (record debits first, then credits. Start by journalizing the April 3rd sale of inventory. (Do not record the cost related to the sale. We will do this in the next journal entry. Prepare a compound entry accounting for the sales revenue as well as the cash paid for shipping)
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