Cox Company uses the gross method and a perpetual inventory system. Assuming the following entries,...
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Accounting
Cox Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Cox Company received on June
June Sold goods costing $ to Robinson Company on account, $ terms The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $
June Robinson Company returned undamaged merchandise previously purchased on account, $
June Received the amount due from Robinson Company.
Amount due from Robinson Company on June :
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