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Sales - related transactions Showcase Co . , a furniture wholesaler, sells merchandise to Balboa Co . on account, $ 2 5 4 , 5
Salesrelated transactions
Showcase Co a furniture wholesaler, sells merchandise to Balboa Co on account, $ terms The cost of the goods sold is $ Showcase Co
issues a credit memo for $ for merchandise returned prior to Balboa Co paying the original invoice. The cost of the merchandise returned is $
a Journalize Showcase Cos entries for the sale, including the cost of the goods sold. If an amount box does not require an entry, leave it blank.
b Journalize Showcase Cos entries for the credit memo, including the cost of the returned merchandise. If an amount box does not require an entry,
leave it blank.
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c Journalize Showcase Cos entry for the receipt of the check for the amount due from Balboa Co If an amount box does not require an entry, leave it blank.
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