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Use a tabular summary to record the following transactions for Marin Co. (Omit recording cost of goods sold.) (a) On July 1, Marin Co. sold
Use a tabular summary to record the following transactions for Marin Co. (Omit recording cost of goods sold.) (a) On July 1, Marin Co. sold merchandise on account to Stacey Inc. for $23,400. (b) On July 8, Stacey Inc. returned $2,300 of July 1 merchandise to Marin Co. (c) On July 11, Stacey Inc. paid for the merchandise. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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