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  3. Study Set
    Principles of Accounting
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    Exam 6: The Operating Cycle and Merchandising Operations
  5. Question
    Assume That on July 24, Bond Company Had a Sale
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Assume That on July 24, Bond Company Had a Sale

Question 5

Question 5

Essay

Assume that on July 24, Bond Company had a sale totaling $11,019 with a related cost of goods sold of $7,604. Record this transaction in journal form assuming the perpetual inventory system was in use.
Assume that on July 24, Bond Company had a sale totaling $11,019 with a related cost of goods sold of $7,604. Record this transaction in journal form assuming the perpetual inventory system was in use.

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