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moeder company uses a sales journal?
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<blockquote data-quote="lilshedevil074" data-source="post: 1714508" data-attributes="member: 655055"><p>Moeder Co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements</p><p>journal, and a general journal. The following transactions occur in the month of November.</p><p></p><p>Nov. 3 Purchased $3,100 of merchandise on credit from Hargrave Co., terms n_20.</p><p>7 Sold merchandise costing $840 on credit to J. York for $900, subject to a $18 sales discount</p><p>if paid by the end of the month.</p><p>9 Borrowed $2,750 cash by signing a note payable to the bank.</p><p>13 J. Emling, the owner, contributed $4,000 cash to the company.</p><p>18 Sold merchandise costing $130 to B. Box for $230 cash.</p><p>22 Paid Hargrave Co. $3,100 cash for the merchandise purchased on November 3</p></blockquote><p></p>
[QUOTE="lilshedevil074, post: 1714508, member: 655055"] Moeder Co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November. Nov. 3 Purchased $3,100 of merchandise on credit from Hargrave Co., terms n_20. 7 Sold merchandise costing $840 on credit to J. York for $900, subject to a $18 sales discount if paid by the end of the month. 9 Borrowed $2,750 cash by signing a note payable to the bank. 13 J. Emling, the owner, contributed $4,000 cash to the company. 18 Sold merchandise costing $130 to B. Box for $230 cash. 22 Paid Hargrave Co. $3,100 cash for the merchandise purchased on November 3 [/QUOTE]
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