Record the following transactions on the books of Galaxy Co. (a) On July 1, Galaxy Co. sold
Question:
(a) On July 1, Galaxy Co. sold merchandise on account to Kingston Inc. for $17,200, terms 2/10, n/30.
(b) On July 8, Kingston Inc. returned merchandise worth $3,800 to Galaxy Co.
(c) On July 11, Kingston Inc. paid for the merchandise.
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a Accounts Receivable 17200 Sales Revenue 1...View the full answer
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Related Book For 
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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