Question
Pets Unlimited sells pet supplies to retailers. The company uses a perpetual inventory. Journalize the following transactions for the company: June 1 Sold merchandise for
Pets Unlimited sells pet supplies to retailers. The company uses a perpetual inventory. Journalize the following transactions for the company:
| June | 1 | Sold merchandise for $6,250 with terms 2/10, n/30. Inventory cost was $5,000. |
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| 5 | Sold merchandise for $10,000 with terms 3/10, n/30. Inventory cost was $6,000. |
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| 11 | Received a check from the customer paying the balance due within the discount period. |
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Debit |
Credit |
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Energy Management Conservation And Audits
Authors: Anil Kumar, Om Prakash, Prashant Singh Chauhan, Samsher Gautam
1st Edition
0367494930, 978-0367494933
