Yeti Company makes high-end coolers. On January 19th, Yeti Company sold REI a bunch of...
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Yeti Company makes high-end coolers. On January 19th, Yeti Company sold REI a bunch of coolers on account for $50,000, which initially cost Yeti Company $25,000 to manufacture. REl told Yeti it would pay for the coolers on February 1st. Enter amounts as positive values with no '\$'. Record the "sales side" journal entry for January 19th: Dr. Cr. Record the "cost side" journal entry for January 19th: Dr. Cr. True or False: The February 1st journal entry will impact both the Income Statement and the Balance Sheet. Write either "True" or "False
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Yeti Company makes high-end coolers. On January 19th, Yeti Company sold REI a bunch of coolers on account for $50,000, which initially cost Yeti Company $25,000 to manufacture. REl told Yeti it would pay for the coolers on February 1st. Enter amounts as positive values with no '\$'. Record the "sales side" journal entry for January 19th: Dr. Cr. Record the "cost side" journal entry for January 19th: Dr. Cr. True or False: The February 1st journal entry will impact both the Income Statement and the Balance Sheet. Write either "True" or "False 