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Please need it as soon as possible Zulu's Market recorded the following events involving recent transactions of merchandise: June 1: Received goods for $50,000, terms
Please need it as soon as possible
Zulu's Market recorded the following events involving recent transactions of merchandise: June 1: Received goods for $50,000, terms 2/10, n/30. June 2: Returned $1,000 of the shipment for credit. June 2: Paid $250 freight on the shipment. June 12: Paid the invoice. June 13: Payment of $100 freight on goods sold. As a result of these events, what would be the impact on the company's merchandise inventory? Demonstrate with calculation, - A candy factory's employees work overtime to finish an order that is sold on February 28. The office sends a statement to the customer in early March and payment is received by mid-March. When the overtime wages should be expensed in?- Explain your rationaleStep by Step Solution
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