Question 3 of 5 0.241 Prepare the journal entries to record the following...
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Accounting
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Prepare the journal entries to record the following transactions on Carla Vista Company's books under a perpetual inventory system. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.
a On March Tamarisk Company sold $ of merchandise to Carla Vista Company on account, terms n The cost of the merchandise sold was $
b On March Carla Vista Company returned $ of the merchandise purchased on March The cost of the merchandise returned was $
c On March Tamarisk Company received the balance due from Carla Vista Company.
Date
March
Account Titles and Explanation
Accounts Receivable
Sales Revenue
Cost of Goods Sold
Inventory
Sales Revenue
Answer & Explanation
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