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Prepare the salary for sale, return and customer payment

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Reference no: EM132943822

Question - Princess Jewelry purchased inventory for $ 7,000 on credit to Wholesale Jewelry on February 2nd. The term of sale they offered was 3/10 n / 30. When they received the merchandise there were some broken pieces for a total value of $ 800.00, which they returned to wholesale jewelery. On February 8, Joyeria Princesa paid the balance owed. Jornalize the purchase, return and payment made. Please prepare the salary for sale, return and customer payment with discount, also calculate the gross profit. Work with income statement format.

Reference no: EM132943822

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