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Business, 10.08.2021 01:00 dolliemeredithm
May 1. Sold merchandise on account to Taiwan Palace Co., $39,560. The cost of the merchandise sold was $24,540.
Aug. 30. Received $11,930 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible.
Dec. 8. Reinstated the account of Taiwan Palace Co. that had been written off on August 30 and received $27,630 cash in full payment.
Required:
Journalize the above transactions in the accounts of Sedona Interiors Company.
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May 1. Sold merchandise on account to Taiwan Palace Co., $39,560. The cost of the merchandise sold w...
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