Rita Company buys merchandise on account from Linus Company. The selling price of the goods is $900

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Rita Company buys merchandise on account from Linus Company. The selling price of the goods is $900 and the cost of tile goods sold is $590. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies.

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Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Aug 24, 2016 01:46 AM

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Rita Company buys merchandise on account from Linus Company. The selling price of the goods is $900

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