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Home / Questions / On January 10 Molly Amise uses her Lawton C credit card to purchase merchandise from Lawto...

On January 10 Molly Amise uses her Lawton C credit card to purchase merchandise from Lawton Co for $1700 On February 10 Molly is billed for the amount due of $1700 On February 12 Molly pays

On January 10, Molly Amise uses her Lawton Co. credit card to purchase merchandise from Lawton Co. for $1,700. On February 10, Molly is billed for the amount due of $1,700. On February 12, Molly pays $1,100 on the balance due. On March 10, Molly is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12.

Instructions

Prepare the entries on Lawton Co.’s books related to the transactions that occurred on January 10, February 12, and March 10. (Omit cost of goods sold entries.)

May 17 2020 View more View Less

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