Friday, August 19, 2011

BE5-2 Pocras Company buys merchandise on account from Wedell Company

ACCOUNTING



ACC 290 Week 5 Assignment



BE5-2 Pocras Company buys merchandise on account from Wedell Company. The selling price of the goods is $900 and the cost of the goods sold is $590. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies.



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