1) May1 Business purchased $1200 of inventory from Maple West, Terms 1/10, n/20 FOB 2) May2...
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1) May1 Business purchased $1200 of inventory from Maple West, Terms 1/10, n/20 FOB 2) May2 Business sold $800 inventory to John's Ltd, the cost is $200, Terms 2/5, n/15 FOB 3) May3 Business purchased $1000 of inventory from Metro city Inc. paid in cash 4) May7 Business Received John's money. 5) May9 Business purchased inventory $900 from Wildwind Ltd, Terms: 1/5, n/10, FOB 6) May11 Business paid the Maple West in full. 7) May30 Paid Wildwind for the May16 purchase 1) May1 Business purchased $1200 of inventory from Maple West, Terms 1/10, n/20 FOB 2) May2 Business sold $800 inventory to John's Ltd, the cost is $200, Terms 2/5, n/15 FOB 3) May3 Business purchased $1000 of inventory from Metro city Inc. paid in cash 4) May7 Business Received John's money. 5) May9 Business purchased inventory $900 from Wildwind Ltd, Terms: 1/5, n/10, FOB 6) May11 Business paid the Maple West in full. 7) May30 Paid Wildwind for the May16 purchase
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Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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