Problemsuppose your company sells good for 300 of which 200, Ask an Expert

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Suppose your company sells good for $300, of which $200 is received in cash and $100 is on account. The goods cost your company $125 in a previous period. Your company also received wages of $70, of which only $30 has been paid in cash. Show the journal entries to record these transactions.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92825859

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