4) Rally Auto Supplies Company uses a perpetual inventory system. Journalize the following sales transactions for this company.June 10Sold $14,800 of merchandise on account, n/30. Cost of goods is $6,200.june 14Received a $900 sales return from the customer. Cost of the goods is June 14 $400.june 20 Rally Auto Supplies receives payment from the customer for the amount June 20 due from the June 10 sale,

Name: 4) Rally Auto Supplies Company uses a perpetual inventory system. Jour
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Description: 4) Rally Auto Supplies Company uses a perpetual inventory system. Journalize the following sales transactions for this company.June 10Sold $14,800 of merchandise on account, n/30. Cost of goods is $6,200.june 14Received a $900 sales return from the c

Journal is a place where journal entries are recorded in the book keeping system before ledger…

Answered: 4) Rally Auto Supplies Company uses a…

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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4) Rally Auto Supplies Company uses a perpetual inventory system. Journalize the following sales transactions for this company.

June 10	Sold $14,800 of merchandise on account, n/30. Cost of goods is $6,200.
june 14	Received a $900 sales return from the customer. Cost of the goods is June 14 $400.
june 20	Rally Auto Supplies receives payment from the customer for the amount June 20 due from the June 10 sale,

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