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On November 1,2016,Everett Janitorial Supply sold merchandise with a cost of $3,200 for $5,000,FOB destination,and payment terms of 2/10,n/30.The company uses a perpetual inventory system.Give journal entries to record the sales revenue.
Financial Accounting
The practice of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.
PDCA Cycle
A management method used for continuous improvement, standing for Plan-Do-Check-Act.
Continuous Improvement
An ongoing effort to enhance products, services, or processes by making incremental improvements over time.
Lean Business Model
A strategic approach focused on maximizing customer value while minimizing waste, improving overall efficiency.
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