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on Nov. 1 1 : Sold merchandise inventory to Garrett Corporation, $ 1 0 , 8 0 0 , on account, terms 3 1 0
on Nov. : Sold merchandise inventory to Garrett Corporation, $ on account, terms Cost of goods, $ FOB shipping point.
Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step.
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
3rd edition
978-1119234173, 1119234174, 1119343615, 978-1119182078, 1119182077, 978-1119234074, 1119234077, 978-1119343615
