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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.
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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