Record the following transactions on the books of RAS Co. (a) On July 1, RAS Co. sold

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Record the following transactions on the books of RAS Co.

(a) On July 1, RAS Co. sold merchandise on account to Waegelein Inc. for $17,200, terms 2/10, n/30.

(b) On July 8, Waegelein Inc. returned merchandise worth $3,800 to RAS Co.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 01:51 AM

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Record the following transactions on the books of RAS Co. (a) On July 1, RAS Co. sold

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a Accounts Receivable17200 Sales Revenue 17200 b ...View the full answer

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