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Presented below are selected transactions of Blue Company. Blue sells in large quantities to other companies and also sells its product in a small
Presented below are selected transactions of Blue Company. Blue sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $5,000, terms 6/10, n/30. 3 Dodson Company returned merchandise worth $1,000 to Blue. 9 Blue collected the amount due from Dodson Company from the March 1 sale. 15 Blue sold merchandise for $1,400 in its retail outlet. The customer used his Blue credit card. 31 Blue added 1.00% monthly interest to the customer's credit card balance. Assess a full month of interest. Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit n.wiley.com/was/ui/v2/assessment-player/index.html?launchid-15edec7d-de-40-49af-8fb5-c8dbc95c2189#/question/2 ework - 13th Edition uldoo Question 3 of 4 < Date Account Titles and Explanation Debit Search hp -/1 E Credit
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