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Accounting Exercise Add in library

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Sales-related transactions The following selected transactions were completed by Artic Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers: Jan.2. Sold merchandise on account to Mammoth Co., $15,000, terms FOB destination, 1/10, n/30. The cost of the merchandise sold was $9,000. Jan 3. Sold merchandise for $8,000 plus 8% sales tax to retail cash customers. The cost of merchandise sold was $6,000. Jan 4. Sold merchandise on account to Sando ...

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Tags: Australia Fort Lauderdale Accounting Accounting Accounting: Concepts and Principles Victoria University Accounting-LMU21 


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