The following selected transactions were completed during June between Scottsdale Inc. and Barton Company. Use any...
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The following selected transactions were completed during June between Scottsdale Inc. and Barton Company. Use any reasonable account names for journal entries. Apr, 2 12 Scottsdale sold merchandise on account to Barton Company for $33,450, terms FOB destination point,2/10, n/30. The cost of merchandise was $20,000. Paid freight cost of $150. Scottsdale Company received check for amount due from Barton Company's purchase on Apr 2. Instructions a. Prepare journal entries (using the 'net method," as in all class examples) for: (1) Scottsdale Company and (2) Barton Company The following selected transactions were completed during June between Scottsdale Inc. and Barton Company. Use any reasonable account names for journal entries. Apr, 2 12 Scottsdale sold merchandise on account to Barton Company for $33,450, terms FOB destination point,2/10, n/30. The cost of merchandise was $20,000. Paid freight cost of $150. Scottsdale Company received check for amount due from Barton Company's purchase on Apr 2. Instructions a. Prepare journal entries (using the 'net method," as in all class examples) for: (1) Scottsdale Company and (2) Barton Company
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Scottsdale Companys Journal Entries April 2 Sales on account to Barton Company Debit Accounts Receiv... View the full answer
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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