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Prepare journal entries. i - X More Info Jan. 4 Sold $12,000 of antiques on account, credit terms are n/30. Cost of goods is $6,000.
Prepare journal entries.
i - X More Info Jan. 4 Sold $12,000 of antiques on account, credit terms are n/30. Cost of goods is $6,000. 8 Received a $400 sales return on damaged goods from the customer. Cost of goods damaged is $200. 13 Vintage World received payment from the customer on the amount due from Jan. 4, less the return. 20 Sold $4,200 of antiques on account, credit terms are 3/10, n/45, FOB destination. Cost of goods is $2,100. 20 Vintage World paid $120 on freight out. 29 Received payment from the customer on the amount due from Jan. 20, less the discount Print DoneStep by Step Solution
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