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Wu Debuts first, then credits (Click the icon to view the transactions.) Sep. 25: Sold merchandise inventory to Smede for $1,400 on account that cost
Wu Debuts first, then credits (Click the icon to view the transactions.) Sep. 25: Sold merchandise inventory to Smede for $1,400 on account that cost $532. Terms of 1/10, 1/30 was offered, FOB shipping point. A cash was paid by Sea Green. Begin by preparing a compound journal entry to journalize the sale and the full amount of the receivable from this transaction. Do not record (Prepare a compound journal entry.) Date Accounts Debit Credit Sep. 25 Accounts Receivable Smede Sales Revenue Cash Choose from any list or enter any number in the input fields and then click Check Answer. Clear All 3 parts remaining O Type here to search More Info 10 Made payment to Shield Wholesalers for goods purchased on September 3, less return and discount. 12 Received payment from Houston Company, less discount. 13 After negotiations, received a $400 allowance from Thomas Wholesalers. 15 Sold merchandise inventory to Julian Company, $3,500, on account. Terms NEOM. Cost of goods, $1,680. 22 Made payment, less allowance, to Thomas Wholesalers for goods purchased on September 9. Julian Company returned $900 of the merchandise sold on September 15. Cost of goods, $432 25 Sold merchandise inventory to Smede for $1.400 on account that cost $532. Terms of 1/10, n/30 was offered, FOB shipping point. As a courtesy to Smede, $75 of freight was added to the invoice for which cash was paid by Sea Green 29 Received payment from Smede, less discount. 30 Received payment from Julian Company, less return. Print Done F10
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