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Your answer is correct. On March 2, Sandhill sold 983,000 of merchandise on account to Monty Company, terms 3/10, n/30. The cost of the
Your answer is correct. On March 2, Sandhill sold 983,000 of merchandise on account to Monty Company, terms 3/10, n/30. The cost of the merchandise sold was 689,000. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Inventory Accounts Payable eTextbook and Media List of Accounts Debit 983000 Credit 963000 Assistance Used Assistance Used Attempts: 2 of 10 used Your answer is correct. On March 6, Monty returned 116,000 of the merchandise purchased on March 2. The cost of the returned merchandise was 103,000. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Accounts Payable Inventory eTextbook and Media eTextbook List of Accounts Debit 116000 Credit 116000 Assistance Used Your answer is partially correct. On March 12, Sandhill received the balance due from Monty. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Accounts Payable Cash Inventory Debit 867000 Credit 854000 13000
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