Business Finance Homework Help

Business Finance Homework Help. Help with Accounting Question (5-9)2

Radomir Company buys merchandise on account from Lemke Company. The
selling price of the goods is $966, and the cost of the goods is $655.
Both companies use perpetual inventory systems.

Journalize the transaction on the books of both companies.

Accounting Titles and Explanation            Debit            Credit

Radomir Company

Lemke Company

(To record credit sale)

(to record cost of merchandise sold)

Business Finance Homework Help

 
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