question 48 143. Schon Electronics and Supply has the...
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Accounting
question 48
143. Schon Electronics and Supply has the following transactions in July related to purchase and sale of merchandise inventory click the icon to view the transactions) Joumalize the transactions for Schorr Electronics and Supply assuming that the company uses the periodic inventary system. (Record debts first, then credits. Select the explanation on the net amount) OLER Jul 1: Purchase of $20.500 worth of computers on account, torms 2/10, 1/30, from Best Computers Date Accounts and Explanation Debit Credit JUL - X More info July 1 July July July 12 July 26 Puch of $200 worth of common account terms of 2/10, 1/30 from Best Computer Return of 54.000 of the computers to Best Como Payment made an account to Best Computers Sold computers on account for 58,000 to Moms Studion terms 15/30 Received payment from Morris Studios on balance de
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