On June 3,Arnold company sold to Chester Company merchandise having a sale price of $3000...
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Accounting
On June Arnold company sold to Chester Company merchandise having a sale price of $ with terms of n fobshipping point. An invoice totaling $ 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. Prepare journal entries on the Arnold 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. Date Account Titles and Explanation Accounts Receivable Cash Sales Discounts Accounts Receivable Accounts Receivable Sales Revenue Accounts Receivable Debit Credit table an max 
On June Arnold company sold to Chester Company merchandise having a sale price of $ with terms of n fobshipping point. An invoice totaling $ 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.
Prepare journal entries on the Arnold 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.
Date
Account Titles and Explanation
Accounts Receivable
Cash
Sales Discounts
Accounts Receivable
Accounts Receivable
Sales Revenue
Accounts Receivable
Debit
Credit
table
an
max
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