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Write journal entries in proper form for the following economic transactions for the entity Springfield, Inc. Sold goods for $ 5 , 3 2 5
Write journal entries in proper form for the following economic transactions for the entity Springfield, Inc.
Sold goods for $ on account which includes sales tax. The goods were sold under terms Net The company prices their goods to earn gross profit.
Acquired new equipment at a cost of $ Additionally, sales tax applied to the purchase. The Company put down and financed the remainder with a year note payable.
On the day the Company received payment on the transaction in item above.
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