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On September 12. Ryan Company sold merchandise in the amount of $6,400 to Johnson Company, with credit terms of 3/10, n30 The cost of
On September 12. Ryan Company sold merchandise in the amount of $6,400 to Johnson Company, with credit terms of 3/10, n30 The cost of the items sold is $4.300 Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528300, 1111528128, 1111528306, 978-1111528126
