On April 1, Moloney Musical Instruments sold merchandise on account to Fronkes Flutes for $7,000 on Invoice
Question:
On April 1, Moloney Musical Instruments sold merchandise on account to Fronke’s Flutes for $7,000 on Invoice 1001, terms 2/10, n/30. Payment was received in full from Fronke’s Flutes, less discount, on April 10.
Required:
Record the transactions on April 1 and April 10. Use 14 as the journal page number.
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College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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