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On July 9, Swifty Company sells goods on credit to Cullumber Company for $4100, terms 1/10, n/60. Swifty receives payment on July 18. The
On July 9, Swifty Company sells goods on credit to Cullumber Company for $4100, terms 1/10, n/60. Swifty receives payment on July 18. The entry by Swifty on July 18 is: Cash Sales Discounts Accounts Receivable Cash Sales Discounts Accounts Receivable 4100 41 4059 4141 41 4100
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
