Radomir company buys merchandise on account from lemke


Question - Radomir Company buys merchandise on account from Lemke Company. The selling price of the goods is $1,416, and the cost of the goods is $1,090. Both companies use perpetual inventory systems.

Journalize the transaction on the books of both companies.

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Accounting Basics: Radomir company buys merchandise on account from lemke
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