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Requirement 1. Journalize these transactions on the books of Tucker's Furnishings, assuming the net method is used. (Record debits first, then credits. Exclude explanations from
Requirement 1. Journalize these transactions on the books of Tucker's Furnishings, assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Jul 4: Tucker's Furnishings purchased $8,000 of merchandise from K and B Furniture Warehouse on account. Terms, 1/15, n/30, FOB shipping point. The goods cost K and B Furniture Warehouse $2,900. i More Info Date Jul 4 Accounts Jul 4 Tucker's Furnishings purchased $8,000 of merchandise from K and B Furniture Warehouse on account. Terms, 1/15, n/30, FOB shipping point. The goods cost K and B Furniture Warehouse $2,900. 7 Tucker's Furnishings paid a $225 freight bill for delivery of the goods purchased on July 4. 10 Tucker's Furnishings returned $1,800 of the merchandise purchased on July 4. The goods cost K and B Furniture Warehouse $350. 18 Tucker's Furnishings paid $1,800 of the July 4 invoice less the discount. 31 Tucker's Furnishings paid the remaining amount owed on the July 4 invoice. Choose from any list or en 1. Journalize these transactions on the books of Tucker's Furnishings, assuming the "net" method is used. 2. Journalize these transactions on the books of K and B Furniture Warehouse, assuming the "net" method is used
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