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Denver Interiors reported the following transactions in July Jul 2 Sold merchandise on account to Kara Elsworth $450 terms 10 Sold merchandise on account to

Denver Interiors reported the following transactions in July: Jul 2 Sold merchandise on account to Kara Elsworth, $450, terms 2/10, n/30. 10 Sold merchandise on account to Sedalia Bradley, $2,500, terms 2/10, n/30 11 Collected payment from Kara Elsworth for the Jul 2 sale. 15 Bradley returned $350 of the merchandise purchased on Jul 10. 19 Collected payment from Sedalia Bradley for the balance of the Jul 10 sale. Requirements 1. Record the foregoing transactions in the journal of Denver Interiors. 2. Prepare a computation of net sales for the month of July.

May 22 2020 View more View Less

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