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Journalize the transactions for cook company

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Problem 1: Journalize the following transactions for Cook Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction.March6Sold goods costing $8,400 to Parker Company for cash, $14,000. March12 Parker Company returned undamaged merchandise, purchased on March 6, for a cash refund, $960.

Reference no: EM132619873

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