The following transactions are for Tamarisk Company. On December 3, Tamarisk Company sold $461,100 of merchandise to Carla Vista Co., on account, terms: of the merchandise sold was $327,900. On December 8, Carla Vista Co. was granted an allowance of $25,300 for merchandise purchased on Dec. On December 13, Tamarisk Company received the balance due from Carla Vista Co. 1. 2. 3.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following transactions are for Tamarisk Company.
On December 3, Tamarisk Company sold $461.100 of merchandise to Carla Vista Co., on account, terms 2/10, n/30. The cost
of the merchandise sold was $327,900.
On December 8, Carla Vista Co. was granted an allowance of $25,300 for merchandise purchased on December 3.
On December 13, Tamarisk Company received the balance due from Carla Vista Co.
1.
2.
3.
Transcribed Image Text:The following transactions are for Tamarisk Company. On December 3, Tamarisk Company sold $461.100 of merchandise to Carla Vista Co., on account, terms 2/10, n/30. The cost of the merchandise sold was $327,900. On December 8, Carla Vista Co. was granted an allowance of $25,300 for merchandise purchased on December 3. On December 13, Tamarisk Company received the balance due from Carla Vista Co. 1. 2. 3.
No.
1
2.
Date
Account Titles and Explanation
(To record sale of merchandise on account)
(To record cost of merchandise sold)
Debit
Credi
Transcribed Image Text:No. 1 2. Date Account Titles and Explanation (To record sale of merchandise on account) (To record cost of merchandise sold) Debit Credi
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