Using the information in E6-14, prepare journal entries to record the transactions, assuming Ever-green Company uses a
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Info E6-14
15 Sold merchandise to Claudio’s Chair Company at a selling price of $ 5,000 on terms 3/10, n/30. The goods cost Evergreen Company $ 3,500.
20 Sold merchandise to Otto’s Ottomans at a selling price of $ 3,000 on terms 3/10, n/30. The goods cost Evergreen Company $ 1,900.
23 Collected payment from Claudio’s Chair Company from the July 15 sale.
Aug. 25 Collected payment from Otto’s Ottomans from the July 20 sale.
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Related Book For
Fundamentals Of Financial Accounting
ISBN: 9780073527109
3rd Edition
Authors: Fred Phillips, Robert Libby, Patricia A Libby
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