Journalize, record, and post when appropriate the following transactions in the general journal (all sales carry terms
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Journalize, record, and post when appropriate the following transactions in the general journal (all sales carry terms of 5/10, n/30):
201X
Dec. 16 Sold merchandise on account to Cart Co., invoice no. 1, $980.
18 Sold merchandise on account to French Co., invoice no. 2, $2,100.
20 Issued credit memorandum no. 1 to French Co. for defective merchandise, $700.
Use the following account numbers: Accounts Receivable, 112; Sales, 411;
Sales Returns and Allowances, 412; Sales Discounts 413.
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Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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