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THESE ARE THE SAME QUESTION! I couldnt for it all in one picture. Thank you! The following transactions are for Ivanhoe Company. 1. On December
THESE ARE THE SAME QUESTION! I couldnt for it all in one picture. Thank you! The following transactions are for Ivanhoe Company. 1. On December 3, Ivanhoe Company sold $592.200 of merchandise to Concord Co., on account, terms 3/10, 1/30. The cost of the merchandise sold was $331,200. On December 8, Concord Co. was granted an allowance of $31,600 for merchandise purchased on December 3. On December 13, Ivanhoe Company received the balance due from Concord Co. 2. 3 Prepare the journal entries to record these transactions on the books of Ivanhoe Company using a perpetual inventory system (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. (To record credit sale) 1 (To record cost of merchandise sold) 2 3
THESE ARE THE SAME QUESTION! I couldnt for it all in one picture. Thank you!
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