On June 3, Marigold Company sold to Chester Company merchandise having a sale price of...
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On June Marigold Company sold to Chester Company merchandise having a sale price of $ with terms of n fob shipping point. An invoice totalling $ terms n was received by Chester on June from John Booth Transport Service for the freight cost. On June the company received a check for the balance due from Chester Company. a Your answer is partially correct. Prepare journal entries on the Marigold Company books to record all the events noted above under each of the following bases. Sales and receivables are entered at gross selling price. Sales and receivables are entered at net of cash discounts. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem. No Date Sales Revenue FreightOut Cash No Entry Sales Discounts Accounts Receivable 
On June Marigold Company sold to Chester Company merchandise having a sale price of $ with terms of n fob
shipping point. An invoice totalling $ terms n was received by Chester on June from John Booth Transport Service for the
freight cost. On June the company received a check for the balance due from Chester Company.
a
Your answer is partially correct.
Prepare journal entries on the Marigold Company books to record all the events noted above under each of the following bases.
Sales and receivables are entered at gross selling price.
Sales and receivables are entered at net of cash discounts.
If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented
when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented
in the problem.
No
Date
Sales Revenue
FreightOut
Cash
No Entry
Sales Discounts
Accounts Receivable
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