Question
Transaction 5: Sales were $80,000. Cost of merchandise sold was 55% of its sales price. 30% of the sales were for cash. [Note: Record the
Transaction 5:
Sales were $80,000. Cost of merchandise sold was 55% of its sales price. 30% of the sales were for cash. [Note: Record the complete entry for the sales first and the complete entry for the expenses second]
Options for Account portion:
Cash
Accounts Recievable
Inventory
Prepaid Rent
Fixtures and Equipment
Accounts Payable
Interest Payable
Wages Payable
Notes Payable
Paid-In Capital
Retained Earnings
Leave Blank
Need answers to:
Account: ? Dollar Amount: ?
Account: ? Dollar Amount: ?
Account: ? Dollar Amount: ?
Account: ? Dollar Amount: ?
Account: ? Dollar Amount: ?
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Auditing Principles And Techniques
Authors: Sanjib Kumar Basu, Andrei Alexandrescu
1st Edition
8177581783, 9788177581782
