Wang Corporation operates in a state with no sales tax. The company uses the perpetual inventory system.
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Wang Corporation operates in a state with no sales tax. The company uses the perpetual inventory system. Record the following transactions in a general journal:
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DATE 20X1 June 5 15 30 TRANSACTIONS Sold merchandise on account to Brown Company; issued Sales Slip 1200 for $1,025, terms n/30. The cost of the merchandise sold was $733. Recorded cash sales, $1,990. The cost of merchandise sold was $1,388. Received payment on account due from Brown Company for the sale on June 5.
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College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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