Journalize the following sales transactions for Tiffani Sportswear. Explanations are not required. Aug. 1 5 10 Tiffani
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Journalize the following sales transactions for Tiffani Sportswear. Explanations are not required.
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Aug. 1 5 10 Tiffani Sportswear sold $61,000 of sportswear on account, credit terms are 2/10, n/30. Cost of goods is $32,000. Tiffani Sportswear received a $2,000 sales return on damaged goods from the customer. Cost of goods damaged is $1,050. Tiffani Sportswear receives payment from the customer on the amount due, less the return and discount.
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780137858651
8th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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