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please help! Showcase Co. a furniture wholesaler, sells merchandise to Balboa Co. on account, $40,100, terms n/30. The cost of the merchandise sold is 524,100
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Showcase Co. a furniture wholesaler, sells merchandise to Balboa Co. on account, $40,100, terms n/30. The cost of the merchandise sold is 524,100 . Showcase Co. issues a crecit memo for $8,000 as a price adjustment prior to Balboa Co, paying the original invoice. a. Journalize Showcase Co,'s entries for (1) the sale, including (2) the cost of the merchandise sold, If an amount box does not require an entry, leave it blanks. b. Journatize Showicase Cois entry for the oredit memo. If an mount box does nat recuire an entry, leave it blank: C. Journalize Showcase Co.s. entry for the receipt of the chock for the amount due from Eaboa Co. If an ameunt bax does not require an entry leave it blank Step by Step Solution
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