B-05.01 Worksheet

B-05.01 Worksheet - €100 allowance in cash. 70 70 A...

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Name: Date: Section: B-05.01(a) (a) GENERAL JOURNAL Page Date Accounts Debit Credit 350 350 A customer purchased a lighting fixture for cash of €350. 500 500 A customer purchased a lighting fixture on account for €500. 275 275 A customer returned a lighting fixture for a cash refund of €275. 600 600 A customer returned a fixture for a credit on account of €600. 100 100 A complaining customer received a
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Unformatted text preview: €100 allowance in cash. 70 70 A complaining customer received a €70 credit on account. 475 475 A customer paid their balance on account of €475. Solution I-05.01(b) (b) EURO LIGHTING Income Statement For the Year Ending December 31, 20X3 * * In many European countries, "Sales" is referred to as "Turnover."...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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B-05.01 Worksheet - €100 allowance in cash. 70 70 A...

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