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tamaranim1 [39]
4 years ago
8

Record the following transactions for Sparky’s Pet Shop. Date Transaction August 1 Purchased $6,000 of merchandise on account, t

erms 2/10, n/30. 3 Returned $1,500 of merchandise purchased on August 1 due to defects. 7 Recorded cash sales for the first week of August, $9,750; cost of the merchandise was $4,000. 10 Made sale on account to a local breeder for $500, terms 1/10 net 30; cost of the merchandise was $200. 11 Paid for the merchandise purchased on August 1, less return. 20 Received payment from sale of August 10.
Business
1 answer:
luda_lava [24]4 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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Answer:

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Explanation:

Regling Company Journal entries

A.

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Answer:

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Answer:

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Read 2 more answers
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