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------------------- --------------------- On March 1, Lincoln sold merchandise on account to Kingbird Company for $30,600, terms 1/10, n/45. On March 6, Kingbird returns merchandise with

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On March 1, Lincoln sold merchandise on account to Kingbird Company for $30,600, terms 1/10, n/45. On March 6, Kingbird returns merchandise with a sales price of $3,000. On March 11, Lincoln receives payment from Kingbird for the balance due. Prepare journal entries to record the March transactions on Lincoln's books. (You may ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Record the following transactions on the books of Oriole Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) (a) (b) (c) On July 1, Oriole Co. sold merchandise on account to Stacey Inc. for $24.000, terms 2/10,n/30. On July 8, Stacey Inc. returned merchandise with a sales price of $3,200 to Oriole Co. On July 11, Stacey Inc. paid the balance due. Date Account Titles and Explanation Debit Credit (a) (b) (c) > Texaco issues its own credit cards. Assume that Texaco charges you $34 interest on an unpaid balance. Prepare the journal entry that Texaco makes to record this revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit

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