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Purchase Discounts - June 4 - Acct. 1 3 1 Company bought $ 2 5 , 2 0 0 worth of merchandise on account from
Purchase Discounts June Acct. Company bought $ worth of merchandise on account from Tristate terms net
What is the percentage of discount?
When is the last day for the discount?
Journalize the entry
What is a debit memo?
June Acct issues a debit memo for $ worth of merchandise from June
Journalize June transaction.
June Acct pays for June purchase less June return. Journalize the transaction.
June Acct sells $ merchandise on account to BMX credit terms net
The cost of Goods sold is $
Journalize June transaction.
June BMX issues a credit memo to Acct for the June purchase the amount of return is $ The cost of returned merchandise is $
Journalize June transaction.
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