Question: On April 1 Moloney Meat Distributors sold merchandise on account

On April 1, Moloney Meat Distributors sold merchandise on account to Fronke’s Franks for $3,000 on Invoice 1001, terms 1/10, n/30. Payment was received in full from Fronke’s Franks, less discount, on April 10.

Required:
Record the transactions on April 1 and April 10. Use 14 as the journal page number.


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  • CreatedAugust 08, 2014
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