Question
Sales of $150,000 on account took place on March 1, with terms of 2/10 n/30. Sales of $150,000 on account took place on March 1,
Sales of $150,000 on account took place on March 1, with terms of 2/10 n/30.
- Sales of $150,000 on account took place on March 1, with terms of 2/10 n/30.
| Assets | = | Liabilities | + | Stockholders' Equity | Statement of Cash Flow | ||||||||||||||
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| = | + | Common Stock | + | Retained Earnings |
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| REV | - | EXP | - | DIV |
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| = | + | + | - | - |
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- $10,000 of merchandise was returned on March 5.
| Assets | = | Liabilities | + | Stockholders' Equity | Statement of Cash Flow | ||||||||||||||
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| = | + | Common Stock | + | Retained Earnings |
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| REV | - | EXP | - | DIV |
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| = | + | + | - | - |
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The Process Auditing Techniques Guide
Authors: J. P. Russell
1st Edition
0873895959, 978-0873895958
