Presented below is information from Lopez Computers Incorporated. July 1 Sold $ 3 0 , 0 0
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Question:
Presented below is information from Lopez Computers Incorporated.
July Sold $ of computers to Smallwood company with terms n
Lopez received payment from Smallwood for the full amount owed from the July transactions.
Sold $ in computers and peripherals to The Clark Store with terms of n
The Clark Store paid Lopez for its purchase of July
Instructions
Prepare the necessary journal entries for Lopez Computers using the gross method and the net method
Gross
Net
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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