Make 140000 of sales on credit and 60000 sales that are


Accounting Journal Entry

1. Purchase $80000 items for resales on credit.

2. Make $140000 of sales on credit and $60000 sales that are collected at the time of sale.

3. The item sold in event 2 were purchased in event 1 above.

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Accounting Basics: Make 140000 of sales on credit and 60000 sales that are
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