Questions 7-10 (of 14) CP6-3 Recording Cash Sales, Credit Sales, Sales Discounts, Sales Returns, … Assignment Help


Please help me to answer this question parts.ThanksShow transcribed image text Questions 7-10 (of 14) CP6-3 Recording Cash Sales, Credit Sales, Sales Discounts, Sales Returns, and Sa [The following information applies to the questions displayed below] Campus Stop, Inc., is a student co-op. Campus stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $158.1900 b. $288,200 eceived merchandise returned by customers as unsatisfactory but in perfect condition) for cash cost of merchandise $890). 1.690 c. Sold merchandise (costing $11700) to a customer on account with d. Collected half of the balance owed by the customer in (c) within the discount period 26,000 12,740 e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid 1,920 References Section Break CP6 Recording Cash sales, Credit Sales, Sal

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