Merchandising Practice

Record the transaction for merchandising.

1. a. You buy 3 skids of 10 boxes per skid for $700 October 4 on account from Halloween House b. You sell 1 unit for a 50% markup October 10 c. You sell 4 more units on account to Mr. Sphinx October 14 1. a. You buy 500 units for $900 October 1. b. You sell 1 unit on account to Mr. Maroon October 21 c. The next day, he buys 50 more units in advance for next month