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Record the Following Transactions for Turnbull Company

question 48

Essay

Record the following transactions for Turnbull Company.
1. On August 4, Turnbull sold merchandise on account to Tabor Company for $450, terms 2/10, n/30.
2. On August 7, Turnbull granted Tabor a sales allowance and reduced the cost of the merchandise by $50 because some of the goods were slightly damaged.
3. On August 12, Tabor paid the account in full.


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