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Prepare the following journal entries using the following information: 1 ) Record the placement or the order for golf shirts. 2 ) Recieved student and
Prepare the following journal entries using the following information:
Record the placement or the order for golf shirts.
Recieved student and faculty orders.
Record the inventory purchased on account.
Record the return of the damaged inventory.
Record the allowance received for the defective inventory purchased.
Record the payment in full.
Record the sales revenue on account for the order.
Record the cost of goods sold for the order.
Record the return of the unsatisfactory merchandise sold on account.
Record the cost of goods returned.
Record the allowance for the remaining shirts.
Record the customers' payments in full.
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