Account Name Debit Credit Sales 750.C00 Sales Returms and Allowances 15,000 Sales Discounts 10.000 Purchases 170,000 Purchases Returns and 20,000 Allowances Transportation In 30,000 selling Expenses 75,000 General and Administrative 275,000 Expenses

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Net purchases?
Account Name
Debit
Credit
Sales
750.C00
Sales Returns and Allawances 15,000
Sales Discounts
10,000
Purchases
170,000
Purchases Returns and
20,000
Allowances
Transportation In
30,000
selling Expenses
75,000
General and Administrative
275,000
Expenses
Transcribed Image Text:Account Name Debit Credit Sales 750.C00 Sales Returns and Allawances 15,000 Sales Discounts 10,000 Purchases 170,000 Purchases Returns and 20,000 Allowances Transportation In 30,000 selling Expenses 75,000 General and Administrative 275,000 Expenses
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