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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