Office Supplies Express uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required. July 3Sold $15,400 of merchandise on account, credit terms are 2/10, n/30. Cost of goods is $9,300.July 7Received a $750 sales return from the customer. Cost of the goods is $435.July 12Office Supplies receives payment for the customer for the amount due from the July 3 sale.

Name: Office Supplies Express uses a perpetual inventory system. Journalize
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Office Supplies Express uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required. July 3Sold $15,400 of merchandise on account, credit terms are 2/10, n/30. Cost of goods is $9,

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College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

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Office Supplies Express uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required.

July 3	Sold $15,400 of merchandise on account, credit terms are 2/10, n/30. Cost of goods is $9,300.
July 7	Received a $750 sales return from the customer. Cost of the goods is $435.
July 12	Office Supplies receives payment for the customer for the amount due from the July 3 sale.

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