Question
Purchased 100 pairs cleats for cash, from Bailor Sports Goods, for $30/pair Purchased 80 units of sports helmets @ $25 each, from Players Ltd., credit
Purchased 100 pairs cleats for cash, from Bailor Sports Goods, for $30/pair
Purchased 80 units of sports helmets @ $25 each, from Players Ltd., credit terms 3/10, N/30, FOB Shipping point
Sold60 pairs cleats of $42 a pair for cash to Wilmer High School , after allowing for 3% trade discount andcharging sale tax of 8%
Harmony received and settled a bill for $55 to cover shipping of the July 3 purchase, to its warehouse.
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
