Solution:
12-Mar | Cash Dr | $8,05,248 | |
Sales Discount Dr (838800*4%) | $33,552 | ||
To Accounts Receivable | $8,38,800 |
what is the journal entries for March 12? Brief Exercise 5-4 Prepare the journal entries to...
Brief Exercise 5-4 Prepare the journal entries to record the following transactions on Whispering Winds Corp.'s books using a perpetual inventory system. On March 2, Whispering Winds Corp. sold $815,000 of merchandise on account to Martinez Company, terms 4/10, 1/30. The cost of the merchandise sold was $603,000. (Credl manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Accounts Receivable 815000 Sales Commissions Expense 815000...
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