Journalize the following transactions. Assume the perpetual inventory system. 202X Apr. 16 5 Sold merchandise for $1,250
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Journalize the following transactions. Assume the perpetual inventory system.
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202X Apr. 16 5 Sold merchandise for $1,250 cash. The cost of the merchandise was $850. Made refunds to cash customers for defective merchandise, $70. The cost of defec- tive merchandise was $25.
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Date 202X Apr 5 Cash Account Titles and Description Sales Cash Sale 5 ...View the full answer
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Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780137504282
15th Edition
Authors: Jeffrey Slater, Mike Deschamps
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