Nike, Inc. has the following sales data for the month of July 2024: Sales on account: $300,000
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Question:
Nike, Inc. has the following sales data for the month of July 2024:
- Sales on account: $300,000
- Cash sales: $150,000
- Sales returns and allowances: $20,000
- Sales discounts: $10,000
Prepare the sales journal entries for Nike, Inc. for July 2024.
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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