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Current Attempt in Progress The following are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. 3 Dodson Company returned merchandise with a sales price of $100 to Pina. Pina collected the amount due from Dodson Company from the March 1 sale. Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card. Pina added 1.2% monthly interest to the customer's credit card balance. 9 15 31 Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Current Attempt in Progress The following are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. 3 Dodson Company returned merchandise with a sales price of $100 to Pina. Pina collected the amount due from Dodson Company from the March 1 sale. Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card. Pina added 1.2% monthly interest to the customer's credit card balance. 9 15 31 Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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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Subject :- Accounting

Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date < < < Account Titles and Explanation Debit Cr
Transcribed Image Text:Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date < < < Account Titles and Explanation Debit Cr
Current Attempt in Progress The following are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 3 9 15 31 Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. Dodson Company returned merchandise with a sales price of $100 to Pina. Pina collected the amount due from Dodson Company from the March 1 sale. Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card. Pina added 1.2% monthly interest to the customer's credit card balance. Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Transcribed Image Text:Current Attempt in Progress The following are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 3 9 15 31 Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. Dodson Company returned merchandise with a sales price of $100 to Pina. Pina collected the amount due from Dodson Company from the March 1 sale. Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card. Pina added 1.2% monthly interest to the customer's credit card balance. Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
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