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Business, 19.11.2019 23:31 Briannadavis03
Thomas book sales, inc., supplies textbooks to college and university bookstores. the books are shipped with a proviso that they must be paid for within 30 days but can be returned for a full refund credit within 90 days. in 2009, thomas shipped and billed book titles totaling $760,000. collections, net of return credits, during the year totaled $690,000. the company spent $300,000 acquiring the books that it shipped. a. using accrual accounting and the preceding values, show the firm
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