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Record a journal entries for the following sales transaction of Flower Company: oct.12 sold 25 bushels of flowers to a customer for $1,000 cash; cost
Record a journal entries for the following sales transaction of Flower Company: oct.12 sold 25 bushels of flowers to a customer for $1,000 cash; cost $700. Oct. 21 sold 40 bushels of flowers for $30 per bushel on credit. Terms of the sale are 4/10, n/30, invoice dated October 21. Cost per bushel is $20 to flower Company. October 31 received payment in full from October 21 sale
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Financial Accounting A Critical Approach
Authors: John Friedlan
1st Edition
0130193720, 978-0130193728
