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tin On November 4, Coon Company sold merchandise inventory on account to Tame Wholesalers, $16,000, that cost $5,600. Terms 1/10, n/30 On November 5,
tin On November 4, Coon Company sold merchandise inventory on account to Tame Wholesalers, $16,000, that cost $5,600. Terms 1/10, n/30 On November 5, Tame Wholesalers paid shipping of $45. Tame Wholesalers paid the balance to Coon Company on November 13. (Assume both companies use a perpetual inventory system and that sales are recorded at the net amount) Read the requirements Now journalize the expense related to the November 4 sale-Cost of goods, $5,600 Date Nov 4 Accounts Nov 13 Tame Wholesalers paid the balance to Coon Company. Debit Credit
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