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asantejj
Jul 19, 2012, 04:54 PM
What special journal entry do I use for this transaction:

Cash sales for the first two weeks of the month amounted to $5,200. Cost of merchandise sold was $2,400.

asantejj
Jul 19, 2012, 04:58 PM
What special journal do I use?

Cash sales for the first two weeks of the month amounted to $5,200. Cost of the merchandise sold was $2,400.

paraclete
Jul 19, 2012, 05:00 PM
You could use a cash sales journal, you could use a sales journal

paraclete
Jul 19, 2012, 05:01 PM
You have asked this question twice

asantejj
Jul 19, 2012, 05:10 PM
You could use a cash sales journal, you could use a sales journal

Thanks

I need more help with this accounting

asantejj
Jul 19, 2012, 05:17 PM
Jim paid for merchandise purchased on account from Bruce Inc. The terms are 2/10 net 30

What special journal transaction should I use?

paraclete
Jul 19, 2012, 06:21 PM
Jim paid for merchandise purchased on account from Bruce Inc. The terms are 2/10 net 30

What special journal transaction should I use?

Doesn't the word paid suggest something to you