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A company sold merchandise with
XO company sold merchandise on account to Brandy company, $14000 , terms FOB shipping point, 2/10, n/30. XO company paid
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Miaa
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5. Prepare the journal entries to record the ff transactions on Abebe Company books using a perpetual inventory system.
(a) on
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Alazer Hagota
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Zell Company had sales of $1,800,000 and related cost of merchandise sold of $1,150,000 for its first year of operations ending
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Schwanna
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BISHOP COMPANY
Inv. No. Check Date Description Name or Date No. Terms Amount Mar. 1 Received merchandise and invoice Soy
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zion
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Ellis Co. sold merchandise to Rather Co. on account, $7,150, terms 2/15, n/30. The cost of merchandise sold is $4,290. Ellis Co.
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Arya Pal
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Exercise 5-3 Analyzing and recording merchandise transactions-both buyer and seller LO P1, P2
Santa Fe Company purchased
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sally
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Leeann Company sold merchandise on credit to Janelle Company for $1,000 on July 1, with terms of 2/10, net /30. On July 6,
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Peaches
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journalize the following merchandise transactions, using the net method under a perpetual inventory system.
a. Sold merchandise
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dave
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journalize the following merchandise transactions, using the net method under a perpetual inventory system.
a. Sold merchandise
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div
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21. On January $10,000, X company sold merchandise on account to Y company for $12,000, n/30. On February 9, Y company gave X
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Alazer Hagota
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