The series of seven transactions recorded in the following T-accounts were related to a sale to a
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CASH NOTES RECEIVABLE 61,509 60,000 (6) 60,000 ACCOUNTS RECEIVABLE SALES RETURNS AND ALLOWANCES 75,000 (3) 60,600 (5) 15,000 (3) 60,000 60,600 15,000 MERCHANDISE INVENTORY COST OF MERCHANDISE SOLD 9,000 (2) 45,000 (2) 45,000 4) 9,000 SALES INTEREST REVENUE 75,000 600 909
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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