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on September 12 vander company sold merchandise in the amount 4500 to jepson company with credit terms of 2/10 n/30 the cost of the items
on September 12 vander company sold merchandise in the amount 4500 to jepson company with credit terms of 2/10 n/30 the cost of the items sold is 3100 vander uses the periodic inventory system and the gross method of accounting for sales on September 14 jepson returns some of the merchandise the selling price of the merchandise is 390 and the cost of the merchandise returned is 275 jepson pays the invoice on September 18 and takes the appropriate discount the journal entry that vander makes on September 18 i Help 0 Cash Accounts receivable 0 Cash Accounts receivable 3,100.00 3,100.00 0 Cash Sales discounts Accounts receivable 4,027.80 82.20 4,110.00 0 Cash Accounts receivable 14,417.80 14,417.80 0 Cash Sales discounts Accounts receivable 4,417.80 82.20 4,500.00
on September 12 vander company sold merchandise in the amount 4500 to jepson company with credit terms of 2/10 n/30 the cost of the items sold is 3100 vander uses the periodic inventory system and the gross method of accounting for sales on September 14 jepson returns some of the merchandise the selling price of the merchandise is 390 and the cost of the merchandise returned is 275 jepson pays the invoice on September 18 and takes the appropriate discount the journal entry that vander makes on September 18 i
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