Presented below are selected transactions of Tamarisk Company. Tamarisk sells in large quantities to other companies and
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Presented below are selected transactions of Tamarisk Company. Tamarisk sells in large quantities to other companies and also sells its product in a small retail outlet.
March 1 | Sold merchandise on account to Dodson Company for $ 13,200, terms 6/10, n/30. | |
3 | Dodson Company returned merchandise worth $ 600 to Tamarisk. | |
9 | Tamarisk collected the amount due from Dodson Company from the March 1 sale. | |
15 | Tamarisk sold merchandise for $ 1,800 in its retail outlet. The customer used his Tamarisk credit card. | |
31 | Tamarisk added 1.00% monthly interest to the customer’s credit card balance. |
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