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July 3. Purchased merchandise on account from Hamling Co., list price $90,000, trade discount 30%, terms FOB shipping point, 2/10, n/30, with prepaid freight of
July 3. | Purchased merchandise on account from Hamling Co., list price $90,000, trade discount 30%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $920 added to the invoice. |
5. | Purchased merchandise on account from Kester Co., $50,450, terms FOB destination, 2/10, n/30. |
6. | Sold merchandise on account to Parsley Co., $14,750, terms n/15. The cost of the goods sold was $8,990. |
7. | Returned merchandise with an invoice amount of $11,200 purchased on July 5 from Kester Co. |
13. | Paid Hamling Co. on account for purchase of July 3. |
15. | Paid Kester Co. on account for purchase of July 5, less return of July 7. |
21. | Received cash on account from sale of July 6 to Parsley Co. |
21. | Sold merchandise on MasterCard, $242,790. The cost of the goods sold was $133,800. |
22. | Sold merchandise on account to Tabor Co., $53,500, terms 2/10, n/30. The cost of the goods sold was $34,460. |
23. | Sold merchandise for cash, $38,060. The cost of the goods sold was $24,190. |
28. | Paid Parsley Co. a cash refund of $6,000 for returned merchandise from sale of July 6. The cost of the returned merchandise was $2,970. |
31. | Paid MasterCard service fee of $3,890. |
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