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Need help with 1-5 I have 1-2 done but need a double check Thanks Required information [The following information applies to the questions displayed below.]
Need help with 1-5
I have 1-2 done but need a double check
Thanks
Required information [The following information applies to the questions displayed below.] Company A has the following transactions during July. July 5 Purchases 58 LCD televisions on account from Company B for $3,400 each, terms 2/10, n/30. July 8 Returns to Company B two televisions that had defective sound. July 13 Pays the full amount due to Company B. July 28 Sells remaining 56 televisions from July 5 for $3,900 each on account. Required: 1. Record the transactions of Company A, assuming the company uses a periodic inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheetStep by Step Solution
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