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  3. on september 12, vander company sold merchandise i

On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company,...

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Accounting

On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 210,n30. The cost of the items sold is $4,000. Vander uses the periodic inventory system and the gross method of accounting for sales. The journal entry or entries that Vander will make on September 12 is (are):
Account Title
Accounts Receivable
Sales
Cost of Goods Sold
Merchandise Inventory
Debit Credit
5,800
5,800
4,000
4,000
Debit Credit
Account Title
4,000
Sales
Debit Credit
Account Title
Accounts Receivable 5,800
Sales
5,800
Account Title
Debit Credit
Sales
5,800
Accounts Receivable
5,800
Account Title
Sales
Debit Credit
Accounts Receivable
5,800
Cost of Goods Sold ,4,000
Merchandise Inventory
5,800
4,000
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