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Please answer the question here on chegg Salected transactions for Mason Corporation follow: Auz 2 Sold $15,000 of merchandise to Vanderbilt Ine, terms n/30. Mason
Please answer the question here on chegg
Salected transactions for Mason Corporation follow: Auz 2 Sold $15,000 of merchandise to Vanderbilt Ine, terms n/30. Mason uses a perpetual inwentory system and the coet of the goods sold was $9,000. Mason's manapement ecpects a raturn rate of 6%. 13 Merchandise with a selling price of $750 was returned by Vanderbilt because it was the wrong size. A cradit was provided to Vanderbilt. The cost of the marchandise raturned was $450. The retumad goods ware in saleable condition and returnad to inventory. 26 Receivad a partial payment of $10,500 from Vanderbilt 28 Made sales of $7,500 on account to Reisen Ltd, terms n/30. The coat of the goods sold was $4,500. Masori's management exacts a retum rate of 6%. Racord the above transactions on Mason's boaks, including any cost of goods sold entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for theStep by Step Solution
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