Prepare journal entry to record transaction on abc''s book


On December 1, 2008, ABC Linens sold merchandise which costs $400 on account to the Green Hotel Co. for $600 with terms of 3/10, n/30. ABC Linens uses a perpetual inventory system. Prepare journal entry to record this transaction on ABC Linens' books ?

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Accounting Basics: Prepare journal entry to record transaction on abc''s book
Reference No:- TGS090593

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