Ja alize the following sales transactions for Klein Company. Explanations are not required. April 1. Klein company sold merchandise inventory for $230. The cost of the inventory was $145. The customer paid cash. Cline company was running a promotion in the customer receive a $15 award at the time of sale that can be used at a future date on any Cline company merchandise. May 15. The customer uses the $15 award when purchasing merchandise inventory for $60. The cost of the inventory was $23. The customer paid cash. 
Ja alize the following sales transactions for Klein Company. Explanations are not required. April 1. Klein company sold merchandise inventory for $230. The cost of the inventory was $145. The customer paid cash. Cline company was running a promotion in the customer receive a $15 award at the time of sale that can be used at a future date on any Cline company merchandise. May 15. The customer uses the $15 award when purchasing merchandise inventory for $60. The cost of the inventory was $23. The customer paid cash. 
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ja alize the following sales transactions for Klein Company. Explanations are not required.
April 1.
Klein company sold merchandise inventory for $230. The cost of the inventory was $145. The customer paid cash. Cline company was running a promotion in the customer receive a $15 award at the time of sale that can be used at a future date on any Cline company merchandise.
May 15.
The customer uses the $15 award when purchasing merchandise inventory for $60. The cost of the inventory was $23. The customer paid cash. 
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