aent manually.) On July 1, Sandhill Co. sold merchandise on account to Waegelein Inc. for $16,400, terms 4/10, n/30. On July 8, Waegelein Inc. returned merchandise with a sales price of $4,200 to Sandhill Co. On July 11, Waegelein Inc. paid the balance due. Account Titles and Explanation Debit Credit
aent manually.) On July 1, Sandhill Co. sold merchandise on account to Waegelein Inc. for $16,400, terms 4/10, n/30. On July 8, Waegelein Inc. returned merchandise with a sales price of $4,200 to Sandhill Co. On July 11, Waegelein Inc. paid the balance due. Account Titles and Explanation Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:aent manually.)
On July 1, Sandhill Co. sold merchandise on account to Waegelein Inc. for $16,400, terms 4/10, n/30.
On July 8, Waegelein Inc. returned merchandise with a sales price of $4,200 to Sandhill Co.
On July 11, Waegelein Inc. paid the balance due.
Account Titles and Explanation
Debit
Credit
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