Journalize the following sales transactions for Action Boats. Assume Action Boats uses the net method. Explanations are
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Journalize the following sales transactions for Action Boats. Assume Action Boats uses the net method. Explanations are not required.
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Mar. 1 12 Action Boats sold $200,000 of boats on account, credit terms are 2/15, n/30 to Outdoors Unlimited. Cost of goods is $80,000. Action Boats receives payment from Outdoors Unlimited on the amount due, less the discount.
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Horngrens Financial And Managerial Accounting The Financial Chapters
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8th Edition
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