Question
On July 7, 2031 MUSICAL MANUFACTURER STORE sold theremin musical instruments to ROCKIN' RETAIL STORE on credit for 2/15, n/60 for $7,500 having a cost
On July 7, 2031 MUSICAL MANUFACTURER STORE sold theremin musical instruments to ROCKIN' RETAIL STORE on credit for 2/15, n/60 for $7,500 having a cost of $3,500. Payment was made within the discount period.
REQUIRED:
1. Insert a table that is 4 columns wide, and 8 rows high (3rd row of tool bar, 6th item from left). You may add rows should you require them. (3rd row of tool bar, 11th or 12th icon from left). Use the following headings:
Date | Account Titles and Explanation | Dr | Cr |
(Optional. Adjust the column width by dragging the vertical line between columns in the header row left or right.)
2. Using the table prepared in Part 1 above, in good form prepare the journal entry/entries for ROCKIN' RETAIL STORE. You may omit explanations.
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