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Please answer question #6, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS! Thank you! On September 4, Roberta's Knickknacks buys merchandise on account from Blossom Company.
Please answer question #6, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS! Thank you!
On September 4, Roberta's Knickknacks buys merchandise on account from Blossom Company. The selling price of the goods is $1,000 and the cost of goods is $300. Both companies use the perpetual inventory systems. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Journalize the transactions on the books of Roberta's Knickknacks. Date Account Titles and Explanation Debit Credit Sept. 4 2. Journalize the transactions on the books of Blossom Company. Date Account Titles and Explanation Debit Credit Sept. 4 (To record credit sale) (To record cost of good sold) Step by Step Solution
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