Match the following activities to the three business transactions (more than one number can be used). 1.
Question:
Match the following activities to the three business transactions (more than one number can be used).
1. Record to the accounts receivable subsidiary ledger.
2. Journalize the transaction.
3. Post to the general ledger.
a. _____ Sold merchandise on account to Clo Co., invoice no. 1, $90.
b. _____ Sold merchandise on account to Flynn Co., invoice no. 2, $1,500.
c. _____ Issued credit memorandum no. 1 to Flynn Co. for defective merchandise, $50.
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a 2 1 3 b 2 1 3 c 1 2 3 Explanation For transaction a yo...View the full answer
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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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