Office Supplies Express uses a perpetual inventory system. Journalize the following sales transactions for this company....
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Office Supplies Express uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required. July 3 Sold $15,400 of merchandise on account, credit terms are 2/10, n/30. Cost of goods is $9.300. July 7 Received a $750 sales return from the customer. Cost of the goods is $435. july 12 Office Supplies receives payment for the customer for the amount due from the July 3 sale. Date Accounts and Explanation Debit Credit Jul. 3 Jul. 7 Jul. 12 Office Supplies Express uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required. July 3 Sold $15,400 of merchandise on account, credit terms are 2/10, n/30. Cost of goods is $9.300. July 7 Received a $750 sales return from the customer. Cost of the goods is $435. july 12 Office Supplies receives payment for the customer for the amount due from the July 3 sale. Date Accounts and Explanation Debit Credit Jul. 3 Jul. 7 Jul. 12
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Date Account Title Debit Credit july 3 Account Receivable 15400 ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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