Solution-Johnson sold inventory with a cost

Johnson sold inventory with a cost

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Reference no: EM13875193

On May 1, Johnson Corporation purchased inventory for $40,000 on credit. On May 15, Johnson sold inventory with a cost of $10,000 for $25,000 on credit.

Prepare journal entries to record these transactions.

Reference no: EM13875193

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Johnson sold inventory with a cost : On May 1, Johnson Corporation purchased inventory for $40,000 on credit.

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Johnson sold inventory with a cost

Reference no: EM13875193

Reference no: EM13875193

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