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Where did 145 come from? Question Holp On November 4, 2018, Cane Company sold merchandise inventory on account to Teal Wholesalers, $14,500, that cost $5,600.
Where did 145 come from?
Question Holp On November 4, 2018, Cane Company sold merchandise inventory on account to Teal Wholesalers, $14,500, that cost $5,600. Terms 1/10, n/30. On November perpetual inventory system and that sales are recorded at the net amount.) Read the requirements Nov. 13: Paid the balance to Cane Company Wholesalers paid the balance to Cane Company on November 13, 2018. (Assume both compenies use a Date Accounts Debit Credit Nov. 13 ccounts Payable 14,500 Merchandise Inventory Cash 145 14,355 To record payment within the discount period. Requirement 2. Journalize Cane Company's November transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Assume sales are recorded at the net amount. Check your spelling carofully and do not abbreviate,) Step by Step Solution
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