Newell Company completed the following transactions in October:Credit SalesSales ReturnsDate Oct.Oct.Oct.Oct.Oct.311172123Amount$ 6001,2005,0001,4001,800Terms2/10,/303/10, n/301/10, n/302/10, n/602/10,...
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Newell Company completed the following transactions in October:Credit SalesSales ReturnsDate Oct.Oct.Oct.Oct.OctAmount$ Terms n n n nDateAmountOct. Oct. Oct. Oct. $Instructions aIndicate the cash received for each collection. Show your calculations.bPrepare the journal entry for theOct. sale. The merchandise sold had a cost of $Oct. sales return. The merchandise returned had a cost of $Oct. collection.Newell uses a perpetual inventory system.pDate ofCollectionOctOct. Oct. Oct. Oct.
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