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On Mar. 30, Sparky's sold $1,500 of merchandise to The Toy Warehouse on account. Demonstrate how to record this transaction into a sales journal assuming
On Mar. 30, Sparky's sold $1,500 of merchandise to The Toy Warehouse on account. Demonstrate how to record this transaction into a sales journal assuming that Sparky's originally paid $550 for the merchandise and a perpetual inventory system is used. Account Invoice Date PR Accounts Receivable Dr. Cost of Goods Sold Dr. Sales Cr. Inventory Cr. Debited Number
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