The following transactions were selected from among those completed by Gunzo Wholesalers in 2014: Nov. 20 Sold
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1. Assuming that sales discounts and credit card discounts are treated as contra revenues, compute net sales for the two months ended December 31, 2014.
2. Prepare the journal entries to record the transactions that occurred on November 20, November 25, and December 30.
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Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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