Sold merchandise to Smith Inc. for $600 cash that had cost $450 (cost
2 8. 2009
Accepted a sa...
Business, 27.03.2021 01:00 lunaandrew332
Sold merchandise to Smith Inc. for $600 cash that had cost $450 (cost
2 8. 2009
Accepted a sales return from Smith inc: sales price $30 A cash refund
2/10/20x9 was given to the customer. The goods were returned to regular
inventory
2/18/20x9 Paid balance owed to XYZ Company
Prepare journal entries under periodic and perpetual inventory system
Answers: 1
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