Journalize the following transactions for the A to Z Pool Supply, assuming the net method is...

 

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Journalize the following transactions for the A to Z Pool Supply, assuming the "net" method is used. Explanations are not required. a. Sold $64,000 of merchandise to Sonny's Spas, Inc., on account, terms 2/15, n/60, assuming the "net" method is utilized. The merchandise cost the A to Z Pool Supply $30,250. Begin by journalizing the revenue from the A to Z Pool Supply's sale of merchandise. (Record debits first, then credits. Exclude explanations from any journal entries. Do not yet record the cost related to the sale. We will do this in the next journal entry.) a. Journal Entry Accounts Debit Credit Journalize the following transactions for the A to Z Pool Supply, assuming the "net" method is used. Explanations are not required. a. Sold $64,000 of merchandise to Sonny's Spas, Inc., on account, terms 2/15, n/60, assuming the "net" method is utilized. The merchandise cost the A to Z Pool Supply $30,250. Begin by journalizing the revenue from the A to Z Pool Supply's sale of merchandise. (Record debits first, then credits. Exclude explanations from any journal entries. Do not yet record the cost related to the sale. We will do this in the next journal entry.) a. Journal Entry Accounts Debit Credit

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a Accounts Receivable Sonnys S... View the full answer