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On September 1 2 , Vander Company sold merchandise in the amount of $ 8 , 4 0 0 to Jepson Company, with credit terms
On September Vander Company sold merchandise in the amount of $ to Jepson Company, with credit terms of n The cost of the items sold is $ Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September and takes the appropriate discount. The journal entry that Jepson makes on September is:
On September Vander Company sold merchandise in the amount of $ to Jepson Company, with credit terms of n The cost of the items sold is $ Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September and takes the appropriate discount. The journal entry that Jepson makes on September is:
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