K Journalize the following sales transactions for Herbert's Craft Shop. Explanations are not required. (Assume...
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K Journalize the following sales transactions for Herbert's Craft Shop. Explanations are not required. (Assume the company uses a perpetual inventory system and records sales at the net amount.) i (Click the icon to view the transactions.) Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Feb. 3: Herbert sold $2,000 of craft supplies on account, credit terms are 1/10, n/30, to Query Quilts. Cost of goods is $800. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Date Feb. 3 Accounts Debit Credit
Journalize the following sales transactions for Herbert's Craft Shop. Explanationti are not required. (Assume the company uses a perpotual inventory system and records sales at the net amount.) (Click the icon to view the transactions.) Journalize the sales transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from jotimal entries.) Feb. 3: Herbert sold $2,000 of cratt supplies on account, credit terms are 1/10, N/30, to Query Quits. Cost of goods is $800. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step
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