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.

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.

You could use a cash sales journal, you could use a sales journal

You have asked this question twice

Quote:

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Originally Posted by paraclete

You could use a cash sales journal, you could use a sales journal

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Thanks

I need more help with this accounting

Jim paid for merchandise purchased on account from Bruce Inc. The terms are 2/10 net 30

What special journal transaction should I use?

Quote:

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Originally Posted by asantejj

Jim paid for merchandise purchased on account from Bruce Inc. The terms are 2/10 net 30

What special journal transaction should I use?

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Doesn't the word paid suggest something to you