Journalize the following transactions Assume the perpetual inventory system 201X Apr 5 Sold merchandise for $1,250 cash The cost of the merchandise was $850 16 Made refunds to cash customers for defective merchandise, $70 The cost of defec tive merchandise was $25 ...

Date 201X Account Titles and Description PR Dr Cr Apr1 5 Cash 1 2 5 0 00 ...

Journalize the following transactions. Assume the perpetual inventory system. 201X Apr. 5 Sold merchandise for $1,250 cash.

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Journalize the following transactions. Assume the perpetual inventory system.

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College Accounting A Practical Approach

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Journalize the following transactions. Assume the perpetual inventory system. 201X Apr. 5 Sold merchandise for $1,250 cash.

Question:

201X Apr. 5 Sold merchandise for $1,250 cash. The cost of the merchandise was $850. 16 Made refunds to cash customers for defective merchandise, $70. The cost of defec- tive merchandise was $25.

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Date 201X Account Titles and Description PR Dr Cr Apr1 5 Cash 1 2 5 0 00 ...View the full answer

College Accounting A Practical Approach

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