Journalize the following transactions Assume a perpetual inventory system 201X 8 Sold merchandise on account, $620, to Ring Co terms 2 10, n 30 Cost of merchandise was $350 Jul 12 Purchased office equipment on account from TRE Co , $1,900 13 Made refunds to cash customers, $250, for defective merch...

Date 201X Account Titles and Description PR Dr Cr July 8 Accounts Receivable Ring Co 6 2 0 00 Sal ...

Journalize the following transactions. Assume a perpetual inventory system. 201X 8 Sold merchandise on account, $620, to

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Journalize the following transactions. Assume a perpetual inventory system.

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College Accounting A Practical Approach

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Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 28, 2020 12:02 PM

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Journalize the following transactions. Assume a perpetual inventory system. 201X 8 Sold merchandise on account, $620, to

Question:

201X 8 Sold merchandise on account, $620, to Ring Co.; terms 2/10, n/30. Cost of merchandise was $350. Jul. 12 Purchased office equipment on account from TRE Co., $1,900. 13 Made refunds to cash customers, $250, for defective merchandise. The cost of defective merchandise was $40.

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College Accounting A Practical Approach

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