Business, 24.03.2021 18:00 hailey5campbelp7d1c0
Journalize the following transactions for Hernandez Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction.
July 2 Sold goods costing $3,000 to Edwards Company for cash, $5,000.
July 8 Edwards Company returned undamaged merchandise, purchased on July 2, for a cash refund, $290.
Answers: 3
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Journalize the following transactions for Hernandez Company. Assume a perpetual inventory system. Al...
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