Question: Enabled Test Chapters 450 Help Save & Exit Submit Prepare journal entries to record each of the following sales transactions for Fauci Figurines Company, a
Enabled Test Chapters 450 Help Save & Exit Submit Prepare journal entries to record each of the following sales transactions for Fauci Figurines Company, a merchandising company Assume a perpetual inventory system July 1 Sold merchandise for 521000, granting the customer terms of 2/10, 1/30, invoice dated July 1 The cost of the merchandise wes 512 900 July 4 The customer in the July 1 sale returned merchandise to Fauci Figurines Company, and received credit for $900. The merchandise, which had cost $400, was returned to inventory July 7 Received payment for the amount due from the July 1sole less the return on July 4 Requirede Prepare the journal entre needed for each date above for Figures. Please the appropriate DATE above each journany oboration BIWS F M !!! . 2 M
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