Homework: Homework Assignment #5 Say Score: 0 of...

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Accounting

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Homework: Homework Assignment #5 Say Score: 0 of 1 pt 7 of 11 (5 complete) HW Score: 43.18%, 4.75 of 11 SF5-7 (book/static) Question Help Suppose Piranha com sells 3,500 books on account for 517 each (cost of those books is $35,700) on October 10 to The Textbook Store. Several books were slightly damaged in shipment, so Piranha.com granted a sales allowance of $1,000 to The Textbook Store on October 13. On October 25, The Textbook Store paid the balance due (Assume both companies use a perpetual inventory system and that sales are recorded at the net amount) Read the requirements Requirement 1. Journalize The Textbook Store's October transactions. (Record debits first, then credits Exclude explanations from journal entries.) Od. 10Piranha.com solls 3,600 books on account for $17 each on October 10 to The Textbook Store. Record the transaction on the books of The Textbook Store Date Accounts Debit Credit Oct 10 Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining Clear All Check Answer ULJ Lumplete) HW Scou Istatic) om sells 3,500 books on account for $17 each (cost of these books is $35,700) on October 10 to The Textbook Store. ent, so Piranha.com granted a sales allowance of $1,000 to The Textbook Store on October 13. On October 25, The To me both companies use a perpetual inventory system and that sales are recorded at the net amount) ents urnalize The Text 0 Requirements -X in journ m sells 3,500 bod he boo 1. Journalize The Textbook Store's October transactions. 2. Journalize Piranha.com's October transactions. The company estimates sales returns at the end of each month. Print Done st or enter any number in the input fields and then click Check Answer Clear All

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