11) Rally Auto Supplies Company uses a perpetual inventory system. Journalize the following sales transactions...
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11) Rally Auto Supplies Company uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required.
June 10 Sold $14,800 of merchandise on account, n/30. Cost of goods is $6,200. June 14 Received a $900 sales return from the customer. Cost of the goods is $400. June 20 Rally Auto Supplies receives payment from the customer for the amount due from the June 10 sale.
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