On March 12, Korn Company sold merchandise in the amount of…
On March 12, Korn Company sold merchandise in the amount of $7,800 to Babcock Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Korn uses the perpetual inventory system and the gross method of accounting for sales. The journal entry or entries that Korn will make on March 12 is:
On March 12, Korn Company sold merchandise in the amount of…
Questions
On Mаrch 12, Kоrn Cоmpаny sоld merchаndise in the amount of $7,800 to Babcock Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Korn uses the perpetual inventory system and the gross method of accounting for sales. The journal entry or entries that Korn will make on March 12 is:
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