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Journalize the following transactions for the Brothers' Pool Supply, assuming the net method is used Explanations are not required (Click the icon to view the
Journalize the following transactions for the Brothers' Pool Supply, assuming the "net" method is used Explanations are not required (Click the icon to view the transactions) a. Sold 562,000 of merchandise to Lakeview Motel, Inc., on account, terms 2/15, 30, assuming the "net" method is utilized. The merchandise cost the Brothers' Pool Supply $29,350 Begin by Journalizing the revenue from the Brothers' Pool Supply's sale of merchandise (Record debits first, the credits Exclude explanations from any journal entries Do not yet record the cost related to the sale. We will do this in the next journal entry) Journal Entry Accounts Debit Credit - X More info a. Sold 562,000 of merchandise to Lakeview Motel, Inc., on account, Borms 2/15, V30the merchandise cost the Brothers' Pool Supply 529,350 b. Received payment for the goods from Lakeview Motel, Inc., within the discount period Print Done
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