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The following selected transactions relate to liabilities of Interstate Farm Equipment Company for December 2 0 2 4 . Interstate's fiscal year ends on December
The following selected transactions relate to liabilities of Interstate Farm Equipment Company for December Interstate's fiscal year ends on December Required: Prepare the appropriate journal entries for these transactions. On December received $ from Bradley Farms toward the sale by Interstate of a $ tractor to be delivered to Bradley on January During December, received $ of refundable deposits relating to containers used to transport equipment parts. During December, credit sales totaled $ The state sales tax rate is and the local sales tax rate is This is a summary journal entry for the many individual sales transactions for the period.
The following selected transactions relate to liabilities of Interstate Farm Equipment Company for December Interstate's fiscal year ends on December
Required:
Prepare the appropriate journal entries for these transactions.
On December received $ from Bradley Farms toward the sale by Interstate of a $ tractor to be delivered to Bradley on January
During December, received $ of refundable deposits relating to containers used to transport equipment parts.
During December, credit sales totaled $ The state sales tax rate is and the local sales tax rate is This is a summary journal entry for the many individual sales transactions for the period.
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