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11. Supper Club Inc prepares take home meals for families in the Beebe area. The company uses FOB destination. On Monday the company sold $1,000 of meals at a cost of $400. The company paid $200 of delivery charges. Prepare the jou

11. Supper Club Inc prepares take home meals for families in the Beebe area. The company uses FOB destination. On Monday the company sold $1,000 of meals at a cost of $400. The company paid $200 of delivery charges. Prepare the jou

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11. Supper Club Inc prepares take home meals for families in the Beebe area. The company uses FOB destination. On Monday the company sold $1,000 of meals at a cost of $400. The company paid $200 of delivery charges. Prepare the journal entry to record the sale of meals.
Transcribed Image Text:11. Supper Club Inc prepares take home meals for families in the Beebe area. The company uses FOB destination. On Monday the company sold $1,000 of meals at a cost of $400. The company paid $200 of delivery charges. Prepare the journal entry to record the sale of meals.
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