Solution-Receipt of check for the amount due from bullock

Receipt of check for the amount due from bullock co.

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Reference no: EM13512021

Stuckey Co. sold merchandise to Bullock Co. on account, $5,250, terms 2/15, n/30. The cost of the merchandise sold is $3,150. Stuckey Co. issued a credit memorandum for $650 for merchandise returned and later received the amount due within the discount period. The cost of the merchandise returned was $390. Journalize Stuckey Co.'s and Bullock Co.'s entries for the receipt of the check for the amount due from Bullock Co.

Reference no: EM13512021

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Receipt of check for the amount due from bullock co.

Reference no: EM13512021

Reference no: EM13512021

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