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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 17
A Sales transactions
Journalize the following merchandise transactions:
a. Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500.
b. Received payment less the discount.
B Sales transactions
Journalize the following merchandise transactions:
a. Sold merchandise on account, $92,500 with terms 1/10, n/30. The cost of the merchandise sold was $55,500.
b. Received payment less the discount.
Journalize the following merchandise transactions:
a. Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500.
b. Received payment less the discount.
B Sales transactions
Journalize the following merchandise transactions:
a. Sold merchandise on account, $92,500 with terms 1/10, n/30. The cost of the merchandise sold was $55,500.
b. Received payment less the discount.
Explanation
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(3A)In the perpetual inventory system, t...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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