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Paid $280 on account en November 29 Cash dividends of $4,700 were pald to stockholders en Nevember 3 On December 1, purchased inventery on account
Paid $280 on account en November 29 Cash dividends of $4,700 were pald to stockholders en Nevember 3 On December 1, purchased inventery on account tetalling 8 700 and recerded iW inte thel perpeteal inventory system. Terms are 2/10, n 30 and recorded under the gress methed On December 2, a custemer signs a contract to buy an equipment and service plan bundle with eash The equipment normally sells for $260 and is bundled with an 18-meth service plan, which usually selt for 550 per month. The price for the bundle is 5950 and the cest ef the equipment to Smart Teuch is the perpetual inventery methed and a relative sales value basis appreach e intermediary va es to e- allocate revenue between the equiment and the service plm Re decimal place and round final valoes te the nearest whole dellan
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