Record the following sales transactions of Money Office Supplies. Apr. 4 Apr. 9 Apr. 19 Made a
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Record the following sales transactions of Money Office Supplies.
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Apr. 4 Apr. 9 Apr. 19 Made a cash sale to a customer for 15 chairs at a sales price of $80 per chair. The cost to Money Office Supplies is $55 per chair. Shipping charges are an extra $4 cash per chair and are not subject to discount. Terms of the sale are FOB Shipping Point. Sold 20 chairs on credit for $85 per chair to a customer. The cost per chair to Money Office Supplies is $50 per chair. Shipping charges are an extra $4.50 cash per chair and are not subject to discount. Terms of the sale are 3/10, n/30, FOB Destination, invoice dated April 9. The customer pays in full for their purchase on April 9.
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Apr 4 Debit Cash 15 80 15 8012001200 Credit Sales 15 80 15 8012001200 Debit Co...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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