Accounting
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Title: Accounting

Essay Details:

Subject: Business
Author: Melissa K
Date: June 1, 2017
Level: University
Grade: B
Length: 11 / 3229

Essay text:

1200 125 To record credit note issued to Nabors Inc for defective merchandise 2 Merchandise Inventory 1230 85 Cost of Goods Sold 5010 85 Returned goods to inventory 2 Cost of Goods Sold 5010 85 Merchandise Inventory 1230 85 To record discarded merchandise 3 Accounts Payable ? Parkay Products 2200 748 Merchandise Inventory 1230 748 To record Credit Memo received 4 Merchandise Inventory 1230 39,125 Store Supplies 1250 611 Office Supplies 1240 105 Accounts Payable ? Thompson Supply Co. 2200 39,841 Purchased Merchandise on Credit, terms N/10, EOM Backflip Co GENERAL JOURNAL Page 2 Date Account Titles and Explanations PR Debits Credits 2005 May 5 Cash 1060 4,508 Sales Discount 4040 92 Accounts Receivable ? Nabors Inc...

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