On March 1, Sather Co. sold merchandise to Boone Co. on account, $32,400, terms 2/15, n/30. The
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On March 1, Sather Co. sold merchandise to Boone Co. on account, $32,400, terms 2/15, n/30. The cost of the merchandise sold is $17,500. The merchandise was paid for on March 14. Journalize the entries for Sather Co. and Boone Co. for the sale, purchase, and payment of amount due. Refer to the appropriate company’s Chart of Accounts for exact wording of account titles.
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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