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Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the net method in a perpetual inventor system. Forfeited discounts are recorded
Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the net method in a perpetual inventor system. Forfeited discounts are recorded as Other Revenue. (If no entry is required for a transaction/event, select "No Journal Ent Required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 1 2 Date January 06 3 4 Note: Enter debits before credits. Record entry Record the sales on account of $250 to Wizard Incorporated on terms 2/30, n/60. 5 General Journal 6 Clear entry Debit Credit View general journal
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