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    Exam 5: Merchandising Operations
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    On November 1,2016,Everett Janitorial Supply Sold Merchandise with a Cost
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On November 1,2016,Everett Janitorial Supply Sold Merchandise with a Cost

Question 101

Question 101

Essay

On November 1,2016,Everett Janitorial Supply sold merchandise with a cost of $3,200 for $5,000,FOB destination,and payment terms of 2/10,n/30.The company uses a perpetual inventory system.Give journal entries to record the sales revenue.

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