Business, 03.03.2020 01:12 Dadchans3779

On November 4, 2018, Cane Company sold merchandise inventory on account to Tram Wholesalers, $15,500, that cost $5,800. Terms 1/10, n/30. On November 5, 2018, Tram Wholesalers paid shipping of $45. Tram Wholesalers paid the balance to Cane Company on November 13, 2018. (Assume both companies use a perpetual inventory system and that sales are recorded at the net amount.) Read the requirements. Requirement 1. Journalize Tram Wholesaler's November transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Nov. 4: Purchased merchandise inventory on account from Cane Company for$15,500, terms 1 / 10, n/30. Date Accounts Debit Credit Nov. 4 Requirements 1. 2. Journalize Tram Wholesaler's November transactions. Journalize Cane Company's November transactions. Print Done

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On November 4, 2018, Cane Company sold merchandise inventory on account to Tram Wholesalers, $15,500...

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