fill in charts wiley LUS weygandt, Financial Accounting, 10e PRINC CALCULATOR ME
ID: 2409822 • Letter: F
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fill in charts
wiley LUS weygandt, Financial Accounting, 10e PRINC CALCULATOR MESSAGE MY INSTRUCTOR STANDARD Brief Exercise 5-4 Prepare the journal entries to record the following transactions on Blue Spruce Corp.'s books using a perpetual inventory system On March 2, Blue Spruce Corp. sold $956,000 of merchandise on account to Whispering Winds Company, terms 4/10, n/30. The cost of the merchandise sold was $590,000. (Credit account titles are automatically ind not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Eby (To record credit sale) (To record cost of merchandise sold) On March 6, whispering Winds Company returned $95,600 of the merchandise purchased on March 2. The cost of the returned merchandise was $59,000. (Credit account titles are automatically indented when amount is manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Ls To record merchandise returned) To record cost of meschandise returned)Explanation / Answer
the following are the journal entries on march 2:
the following are the journal entries on march 6:
march 12 journal entries:
Accounts receivable a/c 956,000 ............To sales revenue a/c 956,000 (to record credit sale) cost of goods sold a/c 590,000 ..............To merchandise inventory a/c 590,000 (to record merchandise invetory)Related Questions
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