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On September 12, Vander Company sold merchandise in the amount of $6.200 to Jepson Company, with credit terms of 2/10. n/30. The cost of the
On September 12, Vander Company sold merchandise in the amount of $6.200 to Jepson Company, with credit terms of 2/10. n/30. The cost of the items sold is $4,200. Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September 12 is: Multiple Choice 4.228 Purchases Accounts receivable Accounts receivable _ 504 4.20 4,200 4,2ed Accounts payable Merchandise inventory 4,200 Purchases Accounts receivable 6,200 16,200 O Merchandise inventory Accounts payable Merchandise inventory 6,280 5,207 ,200 6,200 6,2ed Purchases Accounts payable 6,200
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