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Terra Wear Action Sport Clothing High Point, CO Bill to: Shirley Williams Apparel Store Denver Sports Center, #1234 Denver, CO INVOICE # 3778 DELIVERY DATE
Terra Wear Action Sport Clothing High Point, CO Bill to: Shirley Williams Apparel Store Denver Sports Center, #1234 Denver, CO INVOICE # 3778 DELIVERY DATE INVOICE DATE F.O.B. POINT TERMS May 5, 20X1 May 5, 20x1 Denver 1/10,n/30 UNIT TOTAL PRICE QTY Description 70 $125 $8,750 30 Work Out Wonder sport collection Sun Fun - fun wear Fall Color collection 35 $1,050 10 60 $600 THANK YOU FOR YOUR BUSINESS! TOTAL $10,400 (a Prepare Shirley's journal entries for each of the following transactions, assuming use of a periodic inventory system and the "gross method" of recording: To record the invoice on May 5. To record the return of the Fall Color collection on May 7. To record the payment of the balance due if payment occurred on May 10. To record the payment of the balance due if payment occurred on May 20, (b Repeat requirement (a) assuming Shirley uses the periodic inventory system and the "net method" of recording
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