The following transactions are the Skysong Company. 1. On December 3, Skysong...
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Accounting
The following transactions are the Skysong Company.
On December Skysong Compaany Sold $ of merchandise to Sheridan Co on account, terms n The cost of the merchandise sold was $
On December Sheridan Co was granted an allowance of $ for merchandise purchased on december
On December Skysong Company recived thhe balance due from Sheridan Co
Prepare the journal entries to record these transaction on the books of Skysong Company uses a prepetual inventory system.
Assume the Skysong COmpany recived the balance due from Sheridan Co on january of the follwoing year instead of December Prepare the Journal Entry to record the receipt of payment on January
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