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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 38
Journalizing purchases and cash payment transactions.
Dental Supplies, Inc., is a wholesale supplier of dental supplies and materials. Dental Supplies, Inc., commenced business on August 1, 2013. Dental Supplies, Inc., purchases merchandise for cash and on open account. In August 2013, Dental Supplies, Inc., engaged in the following purchasing and cash payment activities:
INSTRUCTIONS
Journalize the transactions above in a general journal. Use 1 as the journal page number.
Analyze: What percentage of the total amount due Dental Concepts for the August 5 transaction is due to the freight charge?
Dental Supplies, Inc., is a wholesale supplier of dental supplies and materials. Dental Supplies, Inc., commenced business on August 1, 2013. Dental Supplies, Inc., purchases merchandise for cash and on open account. In August 2013, Dental Supplies, Inc., engaged in the following purchasing and cash payment activities:
INSTRUCTIONS
Journalize the transactions above in a general journal. Use 1 as the journal page number.
Analyze: What percentage of the total amount due Dental Concepts for the August 5 transaction is due to the freight charge?
Explanation
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Purchasing goods for cash and on account...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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