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    asantejj's Avatar
    asantejj Posts: 4, Reputation: 1
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    #1

    Jul 19, 2012, 04:54 PM
    Special journals entries
    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.
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    asantejj Posts: 4, Reputation: 1
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    #2

    Jul 19, 2012, 04:58 PM
    Special journals entries
    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.
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    paraclete Posts: 2,706, Reputation: 173
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    #3

    Jul 19, 2012, 05:00 PM
    You could use a cash sales journal, you could use a sales journal
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    paraclete Posts: 2,706, Reputation: 173
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    #4

    Jul 19, 2012, 05:01 PM
    You have asked this question twice
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    asantejj Posts: 4, Reputation: 1
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    #5

    Jul 19, 2012, 05:10 PM
    Quote Originally Posted by paraclete View Post
    You could use a cash sales journal, you could use a sales journal
    Thanks

    I need more help with this accounting
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    asantejj Posts: 4, Reputation: 1
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    #6

    Jul 19, 2012, 05:17 PM
    Special journals entries
    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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    paraclete Posts: 2,706, Reputation: 173
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    #7

    Jul 19, 2012, 06:21 PM
    Quote Originally Posted by asantejj View Post
    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
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