Business, 18.06.2020 15:57 AdoNice

For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. a. Outstanding checks of $12,000.b. Bank service charge of $15.c. Deposit in transit of $2,300.d. Interest earned of $5.Merchandise costing $2,000 is sold for $3,000 on terms 2/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit?Net sales:Gross profit:

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For the following transactions, prepare journal entries needed to adjust the company's books. (If no...

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