Prepare journal entries to record the following merchandising transactions for both the seller (BMX) and...
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Accounting
Prepare journal entries to record the following merchandising transactions for both the
seller (BMX) and buyer (Sanuk).
May 4 BMX sold $1,500 of merchandise on account to Sanuk, terms FOB shipping point,
n/45, invoice dated May 4. The cost of the merchandise was $900.
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