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Lorenzo Corporation operates in a state with no sales tax. The company uses the perpetual inventory system. DATE TRANSACTIONS June 5 , 2 0 X
Lorenzo Corporation operates in a state with no sales tax. The company uses the perpetual inventory system.
DATE TRANSACTIONS
June X Sold merchandise on account to White Company; issued Sales Slip for $ terms The cost of the merchandise sold was $
June Recorded cash sales, $ The cost of the merchandise sold was $
June X Received payment on account due from White Company for the sale on June
Record the above transactions in a general journal.
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