P7_1ASOL - Problem 7-1A (70 minutes) Parts 1, 2 and 3 SALES...

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Problem 7-1A (70 minutes) Parts 1, 2 and 3 SALES JOURNAL Page 3 Date Account Debited Invoice Number PR Accounts Receivable Dr. Sales Cr. Cost of Goods Sold Dr. Inventory Cr. Apr. 3 Page Alistair. ........................ 760 4,000 3,000 5 Paula Kohr. .......................... 761 8,000 6,500 11 Nic Nelson. ........................... 762 10,500 7,000 13 Page Alistair. ........................ 763 5,100 3,600 27 Paula Kohr. .......................... 764 3,170 2,520 27 Nic Nelson. ........................... 765 6,700 4,305 30 Totals. .................................. 37,470 26,925 (106/413) (502/119) CASH RECEIPTS JOURNAL Page 3 Date Account Credited Explanation PR Cash Dr. Sales Discoun t Dr. Accounts Receivable Cr. Sales Cr. Other Accts. Cr. Cost of Goods Sold Dr. Inventory Cr. Apr.13 Page Alistair. ..... Sale of 4/3 3,920 80 4,000 14 Paula Kohr. ....... Sale of 4/5 7,840 160 8,000 16 Sales. ................ Cash Sales 52,840 52,840 35,880 18 L.T. Notes Payable Note to bank
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P7_1ASOL - Problem 7-1A (70 minutes) Parts 1, 2 and 3 SALES...

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