Record the following transactions for Cyrus Company. (Credit account titles are automatically indented when the amount...
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Record the following transactions for Cyrus Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. On August 4, Cyrus sold merchandise on account to Swift Company for $700, terms 2/10, n/30. On August 7, Cyrus granted Swift a sales allowance and reduced the cost of the merchandise by $50 because some of the goods were slightly damaged. 3. On August 12, Swift paid the account in full. 2. No. Account Titles and Explanation Debit Credit 1. 2. Record the following transactions for Cyrus Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. On August 4, Cyrus sold merchandise on account to Swift Company for $700, terms 2/10, n/30. On August 7, Cyrus granted Swift a sales allowance and reduced the cost of the merchandise by $50 because some of the goods were slightly damaged. 3. On August 12, Swift paid the account in full. 2. No. Account Titles and Explanation Debit Credit 1. 2.
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Journal entries No ACCOUNT TITLES AND EXPLANATIONS DEBIT CREDIT 1 Accounts Receivable Acco... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
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