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Prepare the journal entries to record the following transactions on Skysong. Inc.'s books under a perpetual inventory system. (a) On March 2, Riverbed Company
Prepare the journal entries to record the following transactions on Skysong. Inc.'s books under a perpetual inventory system. (a) On March 2, Riverbed Company sold $932.000 of merchandise on account to Skysong, Inc.. terms 3/10, n/30. The cost of the merchandise sold was $592,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit
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