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Transaction 5 Sales were $78,000. Cost of merchandise sold was 75% of sales. 20% of sales were for cash. [Note: Record the complete sales
Transaction 5 Sales were $78,000. Cost of merchandise sold was 75% of sales. 20% of sales were for cash. [Note: Record the complete sales entry first, and the complete expense entry second.] Account: Account: Account: Dollar amount: Dollar amount: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount:
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
