iFile Edit Help Question 1 repare the journal entries to record the following tr

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iFile Edit Help Question 1 repare the journal entries to record the following transactions on Sensat Company's books using a perpetual inventory system. (a) On March 2, Kwang Company sold $891,000 of merchandise to Sensat Company, terms 4/10, n/30. The cost of the merchandise sold was $619,000. (Credit account titles are automatio Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) 891,000 The parts of this question must be 6

Explanation / Answer

Account Titles and Explanation Debit Credit Accounts Receivable 891,000 Sales 891,000

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