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Lamy Company records invoices at gross in its voucher system.

Lamy Company records invoices at gross in its voucher system. From the following transactions, (a) Record in

Question:

Lamy Company records invoices at gross in its voucher system. From the following transactions,

(a) Record in general journal form the appropriate entries at gross and?

(b) Record the entries as if Lamy Company recorded invoices at net.

Transcribed Image Text:

201X May 7 Bought merchandise on account from Hubley Corporation; terms 2/10, n/30, $9,000. Voucher no. 304 was prepared. 19 Issued check no. 620 in payment of voucher no. 304.

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a 201X May 7 Purchases 9 0 0 0 00 Vouchers Payable Hubley ...View the full answer

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Question Posted: Mar 03, 2020 07:35 AM

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