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Question - Journalize the following transactions for the seller, Lee Company, using the gross method to account for sales discounts. Assume a perpetual inventory system. Make sure to enter the day for each separate transaction.
March 9 Sold goods costing $4,200 to Perry Company on account, $7,000, terms 2/10, n/30. The goods are sold FOB shipping point, freight prepaid by seller, $220.
March 15 Perry Company returned damaged merchandise previously purchased on account, $800.
March 20 Received the amount due from Perry Company.
Note: The entry to record the shipping payment to the delivery company is not required in this problem.
A corporate bond has a face value of $1,000, and pays a $50 coupon every six months The bond matures in 12 years and sells at a price of $1,080. What is the bond's nominal yield to maturity?
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The assignment is from a book named "Let It Snow". You need to prepare the manual set
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