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Journalize the following transactions for Miller Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. September 2 Sold goods costing $6,600 to Long Company for cash, $11,000. September 8 Long Company returned undamaged merchandise, purchased on September 2, for a cash refund, $1,380. Date Account Title Debit Credit

Journalize the following transactions for Miller Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. September 2 Sold goods costing $6,600 to Long Company for cash, $11,000. September 8 Long Company returned undamaged merchandise, purchased on September 2, for a cash refund, $1,380. Date Account Title Debit Credit

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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Journalize the following transactions for Miller Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. September 2 Sold goods costing $6,600 to Long Company for cash, $11,000. September 8 Long Company returned undamaged merchandise, purchased on September 2, for a cash refund, $1,380. Date Account Title Debit Credit
Transcribed Image Text:Journalize the following transactions for Miller Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. September 2 Sold goods costing $6,600 to Long Company for cash, $11,000. September 8 Long Company returned undamaged merchandise, purchased on September 2, for a cash refund, $1,380. Date Account Title Debit Credit
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