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Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann
Edition 7ISBN: 978-1111219512Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann
Edition 7ISBN: 978-1111219512 Exercise 18
Refer to the data in question 22. Assume that Black Shoe Company has a computerized accounting system.
Required:
a. What would the record for Ingram's Shoe Store in the customer master file look like after the credit sale has been made but before Ingram's has paid for the goods? Assume that Ingram's has a credit limit of $100,000, credit terms are 2/10, net 30, and its sales tax exemption number is NY4000.
b. What would the record for Ingram's Shoe Store in the customer master file look like after Ingram's has paid for the goods?
Required:
a. What would the record for Ingram's Shoe Store in the customer master file look like after the credit sale has been made but before Ingram's has paid for the goods? Assume that Ingram's has a credit limit of $100,000, credit terms are 2/10, net 30, and its sales tax exemption number is NY4000.
b. What would the record for Ingram's Shoe Store in the customer master file look like after Ingram's has paid for the goods?
Explanation
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Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann
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