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Create journal entries for the following business

Problem

Create Journal Entries for the following business transactions: Sold merchandise on account to Troy Co., invoice no. 10, $50. Received check from Brown Co., $300, less 3% discount. Cash sales, $104. Issued credit memorandum no. 2 to Troy Co. for defective merchandise, $18.

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Accounting Basics: Create journal entries for the following business

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Create journal entries for the following business

Reference No:- TGS02601142

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