Exercise 7-6 (Part Level Submission) Gomes Company uses special journals and a general journal. The following transaction occurred during September 2017 Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $695, terms n/30. The cost of the merchandise sold was $375. 10 Purchased merchandise on account from A. Pagan $555, terms 2/10, n/30. 12 Purchased office equipment on account from R. Cairo $6,400. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $765, terms 2/10, n/30. The cost of the merchandise sold was $465. 25 Purchased merchandise on account from D. Downs $820, terms n/30. 27 Sold merchandise to S. Miller for $730 cash. The cost of the merchandise sold was $415.

Exercise 7-6 (Part Level Submission) Gomes Company uses special journals and a general journal. The following transaction occurred during September 2017 Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $695, terms n/30. The cost of the merchandise sold was $375. 10 Purchased merchandise on account from A. Pagan $555, terms 2/10, n/30. 12 Purchased office equipment on account from R. Cairo $6,400. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $765, terms 2/10, n/30. The cost of the merchandise sold was $465. 25 Purchased merchandise on account from D. Downs $820, terms n/30. 27 Sold merchandise to S. Miller for $730 cash. The cost of the merchandise sold was $415.

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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