Journalize each of the following transactions assuming a perpetual inventory system. Sept. 1 Sold merchandise to JenAir
Question:
Sept. 1 Sold merchandise to JenAir for $6,000 (cost of sales $4,200); terms 2/10, n/30.
14 Collected the amount owing regarding the September 1 sale to JenAir.
15 Sold merchandise costing $1,500 to Dennis Leval for $1,800; terms 2/10, n/30.
25 Collected the amount owing from the September 15 sale to Dennis Leval, less the applicable discount.
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Sept 1 Accounts Receivable JenAir 6000 Sales 6000 To recor...View the full answer
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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