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y I just need the answer immediately before 27 th November stion 1 s Flooring has a December 31 year end and uses the perpetual
y
I just need the answer immediately before 27 th November
stion 1 s Flooring has a December 31 year end and uses the perpetual inventory system. The following sactions occurred during 2021 and 2022: 30 Sold goods with a cost of $ 8,250 to Jules Harrison for $14,500 on account, terms 2/15, n/30. Jules ran into some financial troubles and reached an agreement with Revis to convert the account receivable into a 90-day, 8% note receivable. Sold goods with a cost of $ 1,420 to Flore Hardy for $2,900 on account, terms 2/15, n/30. Prepared the adjusting entries to record accrued interest and an estimated allowance for doubtful accounts of $2,750. 18Step by Step Solution
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