BE5.1 BE5.2 BE5.3 BE5.4 BE5.5 BE5.6 E5.3 BE5.4 (LO 3), AP Prepare the journal entries to record the following transactions on Borst Company's books using a perpetual inventory system. Instructions...

BE5.1<br>BE5.2<br>BE5.3<br>BE5.4<br>BE5.5<br>BE5.6<br>E5.3<br>BE5.4 (LO 3), AP Prepare the journal entries to record the following transactions on Borst<br>Company's books using a perpetual inventory system.<br>Instructions<br>Journalize sales transactions (Seller).<br>а.<br>On March 2, Borst Company sold $800,000 of merchandise on account to McLeena Company, terms<br>2/10, n/30. The cost of the merchandise sold was $540,000.<br>b.<br>On March 6, McLeena Company returned $140,000 of the merchandise purchased on March 2. The cost<br>of the returned merchandise was $94,000.<br>On March 12, Borst Company received the balance due from McLeena Company.<br>с.<br>General Journal<br>Date<br>Account<br>Debit<br>Credit<br>а.<br>3/2/22<br>b.<br>3/6/22<br>с.<br>3/12/22<br>

Extracted text: BE5.1 BE5.2 BE5.3 BE5.4 BE5.5 BE5.6 E5.3 BE5.4 (LO 3), AP Prepare the journal entries to record the following transactions on Borst Company's books using a perpetual inventory system. Instructions Journalize sales transactions (Seller). а. On March 2, Borst Company sold $800,000 of merchandise on account to McLeena Company, terms 2/10, n/30. The cost of the merchandise sold was $540,000. b. On March 6, McLeena Company returned $140,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $94,000. On March 12, Borst Company received the balance due from McLeena Company. с. General Journal Date Account Debit Credit а. 3/2/22 b. 3/6/22 с. 3/12/22

Jun 09, 2022

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BE5.1 BE5.2 BE5.3 BE5.4 BE5.5 BE5.6 E5.3 BE5.4 (LO 3), AP Prepare the journal entries to record the following transactions on Borst Company's books using a perpetual inventory system. Instructions...

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