A beverage wholesale outlet sells beverages by the case. On April 13, a customer purchased 18 cases
Question:
A beverage wholesale outlet sells beverages by the case. On April 13, a customer purchased 18 cases of wine at $42 per case, 20 cases of soda at $29 per case, and 45 cases of water at $17 per case. The customer pays with a Merill credit card. Merill charges a usage fee to the company of 5% of the total sale. What is the sales entry for this purchase?
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In accounting the sales entry is a record of a transaction in which goods are sold or services are p...View the full answer
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PALASH JHANWAR
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781947172685
1st Edition
Authors: Patty Graybeal, Mitchell Franklin, Dixon Cooper
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