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View Policies Current Attempt in Progress Hinds Company sold merchandise to Peter Company on account for $ 1 4 6 , 0 0 0 with
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Current Attempt in Progress
Hinds Company sold merchandise to Peter Company on account for $ with credit terms of The cost of the merchandise sold was $ During the discount period, Peter Company returned $ of merchandise and paid in account in full minus the discount by remitting $ in cash. Both companies use a perpetal
Prepare the journal entries that Hinds Company made to record: Credit account titles are automatically indented when the amo entered. Do not indent manually. Record journal entries in the order presented in the problem.
the sale of merchandise.
the return of merchandise.
the collection on account.
Debit
Credit
Transaction Account Titles and Explanation
To record credit sale.
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