TrishaRosano-Unit7-txtbook exercise

TrishaRosano-Unit7-txtbook exercise - PE 6–1A...

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Unformatted text preview: PE 6–1A $140,775 ($127,500 + $435,600 – $422,325) PE 6–3A a. Accounts Receivable..................................................... 12,250 Sales........................................................................... 12,250 Cost of Merchandise Sold............................................. 7,400 Merchandise Inventory............................................ 7,400 b. Cash................................................................................. 12,005 Sales Discounts............................................................. 245 Accounts Receivable............................................... 12,250 PE 6–4A a. $5,880. Purchase of $7,500 less the return of $1,500 less the discount of $120 [($7,500 – $1,500) × 2%)]. b. Merchandise Inventory PE 6–5A a. $5,350. Purchase of $6,000 less return of $1,000 less the discount of $50 [($6,000 – $1,000) × 1%] plus $400 of shipping. b. $1,568. Purchase of $2,500 less return of $900 less the discount of $32 [($2,500 – $900) × 2%]. Prob. 6–3A Jan. 2 Accounts Receivable—Kibler Co. ...................... 10,000 Sales.................................................................Sales....
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This note was uploaded on 06/24/2009 for the course ACCOUNTING AC122 taught by Professor Cocharan during the Spring '09 term at Kaplan University.

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TrishaRosano-Unit7-txtbook exercise - PE 6–1A...

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