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pls help asap!! Required information Use the following information for the Quick Studies below. [The following information applies to the questions displayed below] The following
pls help asap!!
Required information Use the following information for the Quick Studies below. [The following information applies to the questions displayed below] The following are the soles transactions of EcoMart Merchandising. EcoMart uses a perpetual inventory system and the gross method. October 1 Sold serehandise for 53,3ea, with credit teras N/30, invoice dated 0ctober 1. The cost of the berchandise is $1,600. October 6 The custocer in the October 1 sale returned \$330 of serchandsse for fult credit. The merchandise, Which had cost sise, is returned to inventory. October 9 Sotd merchandise for $1,600 cash. Cost of the merchandise is $1,170. october 30 Received payent for the asount due fros the October 1 sale less the return on october 6 . QS 4-11 (Algo) Recording sales and returns; no discounts LO P2 Use the above sales transactions of EcoMart Merchandising to prepare journal entries Step by Step Solution
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