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Record journal entries for the following sales transactions of Balloon

Record journal entries for the following sales transactions of Balloon Depot. Mar. 8 Mar. 11 Mar. 18

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Record journal entries for the following sales transactions of Balloon Depot.

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Mar. 8 Mar. 11 Mar. 18 Sold 570 balloon bundles to a customer on credit for $38 per bundle. The cost to Balloon Depot is $25 per bundle. Terms of the sale are 3/10, n/30, invoice dated March 8. The customer returned 70 bundles for a full refund from Balloon Depot. The customer paid their account in full from the March 8 purchase.

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Mar 8 Debit Accounts Receivable 570 x 38 21660 Credit Sales 570 x 38 21660 Deb...View the full answer

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 11, 2022 02:44 AM

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