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On November 1, 2012, Everett Janitorial Supply Sold Merchandise for $5,000

question 111

Essay

On November 1, 2012, Everett Janitorial Supply sold merchandise for $5,000, FOB destination, 2/10, n/30. The merchandise cost $3,200. Please provide the journal entry to record Sales revenue.
On November 1, 2012, Everett Janitorial Supply sold merchandise for $5,000, FOB destination, 2/10, n/30. The merchandise cost $3,200. Please provide the journal entry to record Sales revenue.


Definitions:

Social Responsibility

The concept that businesses should contribute to the welfare of society and operate in a manner that is ethical, legal, and sustainable, beyond just seeking profits.

Prestige

The respect, admiration, or distinction accorded to a person or organization, based on success or quality.

Innovation

The act or process of introducing new ideas, devices, or methods, aiming to enhance processes, products, or services.

Performance Appraisal

A systematic evaluation of an employee's work performance and productivity to understand their abilities for further growth and development.

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