Journalize the following transactions (assume a perpetual inventory system): Oct. 1 Recorded sales of $14,000 (cost $8,000)
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Oct. 1 Recorded sales of $14,000 (cost $8,000) to customers using debit cards.
Assume the bank charges 0.25% for all debit card transactions.
7 Sold merchandise to customers who paid $3,500 in cash (cost $2,800)
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Oct 1 1 Cost of Goods Sold 7 Cash Debit Card Expense Sales To record ...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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