Question
Journalze the folowing inventory merchandise transactions, assumning that the company uses the perpetuel inventory system Refer to the Chart of Accounts for exact wording
Journalze the folowing inventory merchandise transactions, assumning that the company uses the perpetuel inventory system Refer to the Chart of Accounts for exact wording of account tities Dec Sold merchandise on account, $17,300, with terms 2/10, net 30. The cost of the merchandise sold was $12.600 6. Received payment within the discount period.
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Accounting for Governmental and Nonprofit Entities
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