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Rally Auto Supplies Company Uses a Perpetual Inventory System

question 44

Essay

Rally Auto Supplies Company uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
 June 10  Sold $14,800 of merchandise on account, 17/30. Cost of goods is $6,200. June 14$400. Received a $900 sales return from the customer. Cost of the goods is  June 20 due from the June 10 sale. \begin{array}{|l|l|}\hline \text { June 10 } & \text { Sold } \$ 14,800 \text { of merchandise on account, } 17 / 30 \text {. Cost of goods is } \$ 6,200 . \\\hline \text { June } 14 & \$ 400 . \\\hline & \text { Received a } \$ 900 \text { sales return from the customer. Cost of the goods is } \\\hline \text { June } 20 & \text { due from the June } 10 \text { sale. } \\\hline\end{array}

Know how the Allison hydromechanical transmission mitigates shift shock.
Understand the function and regulation of the torque converter in Allison hydromechanical transmissions.
Recognize the safety mechanisms preventing inappropriate gear shifts in various driving conditions.
Understand the role and enhancement techniques of chassis auxiliary braking devices in an Allison transmission.

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