Journalize the following transactions. Assume the perpetual inventory system. 201X Apr. 5 Sold merchandise for $1,350 cash.
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201X
Apr. 5 Sold merchandise for $1,350 cash. The cost of the merchandise was $725.
16 Made refunds to cash customers for defective merchandise, $50. The cost of defective merchandise was $10.
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College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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