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Record the journal entries for the following sales transactions of Apache Industries. Nov. 7 Sold 13 computers on credit for $850 per computer. Terms of
Record the journal entries for the following sales transactions of Apache Industries.
| Nov. 7 | Sold 13 computers on credit for $850 per computer. Terms of the sale are 5/10, n/60, invoice dated November 7. The cost per computer to Apache is $600. |
| Nov. 14 | The customer returned 3 computers for a full refund from Apache. Apache returns the computers to their inventory at full cost of $600 per computer. |
| Nov. 21 | The customer paid their account in full from the November 7 sale. |
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Management Accounting Text Problems And Cases
Authors: M. Y. Khan, P K Jain
7th Edition
9352606787, 978-9352606788
