Journalize each of the following transactions assuming a perpetual inventory system. April 5 Sold merchandise to a customer for $5,900; terms 2/10, n/30 (cost of sales $3,180). 7 Made a cash sale of $4,200 of merchandise to a customer today (cost of sales $2,160). 8 Sold merchandise for $11,500; terms 2/10, n/30 (cost of sales $6,540). 15 Collected the amount owing from the credit customer of April 5. 4 The customer of April 8 paid the balance owing. May
Journalize each of the following transactions assuming a perpetual inventory system. April 5 Sold merchandise to a customer for $5,900; terms 2/10, n/30 (cost of sales $3,180). 7 Made a cash sale of $4,200 of merchandise to a customer today (cost of sales $2,160). 8 Sold merchandise for $11,500; terms 2/10, n/30 (cost of sales $6,540). 15 Collected the amount owing from the credit customer of April 5. 4 The customer of April 8 paid the balance owing. May
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...
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