Business, 11.02.2020 03:49 Jonny13Diaz
The business was started when Nimmo Corp.
1.received $390,000 from the issue of common stock.
2. Purchased $1,140,000 of merchandise on account.
3. Sold merchandise for $1,440,000 cash (not including sales tax).
4.Sales tax of is collected when the merchandise is sold.
5.The merchandise had a cost of $870,000 Good idea to split this into two accounting entries - think.
Answers: 1
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The business was started when Nimmo Corp.
1.received $390,000 from the issue of common stock....
1.received $390,000 from the issue of common stock....
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