
SOUTHWEST..ESSEN.OF TAX.2020 W/CENGNOWV
23rd Edition
ISBN: 9780357251881
Author: Raabe
Publisher: Cengage Learning
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P11-11A (LO2/3)zibnsdɔ PURCHASES AND CASH PAYMENTS TRANSACTIONS Emily Frank owns a small
Cash balance: $10,284ping 92do retail business called Frank's Fantasy. The cash account has a balance of $21,000 on
July 1. The following transactions occurred during July: Invoice
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Issued Check No. 414 in payment of July rent, $2,500.
23101 Purchased merchandise on account from Tilly's Toys, Invoice No. 311,
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Purchased merchandise on account from Scheer & Company, Invoice
No. 812, $3,300, terms 1/10, n/30.
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Returned merchandise purchased from Tilly's Toys, receiving a credit
memo on the amount owed, $300. A bas
Purchased merchandise on account from Donna's Dolls, Invoice
No. 139, $2,900, terms 2/10, n/30.
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Issued Check No. 415 to Tilly's Toys for merchandise purchased on
account, less…
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