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Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $63,700, terms n/30. The cost of the goods soid is $38,200. Showcase Co.
Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $63,700, terms n/30. The cost of the goods soid is $38,200. Showcase Co. issues a credit memo for $12,700 for merchandise returned prior to Baboa Co. paying the original invoice, The cost of the merchandise returned is $7,600. a. Journalize Showcase Co.'s entries for (1) the sale, including (2) the cost of the goods sold. If an amount box does not require an entry, leave it blank. feectex Check My Wook b. Journalize Showcase Co.'s entries for (1) the credit memo, including (2) the cost of the returned merchandise. If an amount box does not require an entry, leave it blank. b. Journalize Showcase Co.'s entries for (1) the credit memo, including (2) the cost of the returned merchandise. If an amount box does not: require an entry, leave it blank. Foedback Check My Wi entry, leave it blank
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