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Journalize the following transactions for Robinson Company. Assume a perpetual Inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure
Journalize the following transactions for Robinson Company. Assume a perpetual Inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. March 7 Sold goods costing $3,000 to Hughes Company for cash, $5,000. March 13 Hughes Company returned undamaged merchandise, purchased on March 7, for a cash refund, $480. Date Account Title Debit Credit I Don't Know Submit Determine the maturity date of a 90-day promissory note, issued June 20: Maturity Date: Month? Day
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