Sold $22,300 of merchandise on April 28 to Valez Ltd., terms n/30. The goods sold had...
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Sold $22,300 of merchandise on April 28 to Valez Ltd., terms n/30. The goods sold had cost Marx $15,600. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation April 28 April 28 (To record sales) (To record cost of goods sold) Debit Credit [ Sold $22,300 of merchandise on April 28 to Valez Ltd., terms n/30. The goods sold had cost Marx $15,600. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation April 28 April 28 (To record sales) (To record cost of goods sold) Debit Credit [
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Based on the information provided here are the debit and credit entries to record the sales and cost ... View the full answer
Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Posted Date:
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