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Accounting Assignment | College Homework Help

The following transactions were selected from among those completed by Hailey Retailers in the current year. Nov. 20 Sold two items of merchandise to Customer B, who charged the $450 (total) sales price on her Visa credit card. Visa charges Hailey a 2 percent credit card fee. 25 Sold 14 items of merchandise to Customer Cat an invoice price of $3,700 (total); terms 1/10, 1/30. 28 Sold 12 identical items of merchandise to Customer D at an involce price of $7,560 (total): College Homework Helpterms 1/10,n30. 30 Customer D returned one of the items purchased on the 28th; the item was defective and credit was given to the customer. Dec. 06 Customer D paid the account balance in full. 30 Customer C paid in full for the invoice of November 25. Required: 1. Prepare the appropriate journal entry for each of these transactions. Do not record cost of goods sold. 2. Compute Net Sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entry for each of these transactions. Do not record cost of goods sold. (If no entry is required for transaction/event, select “No journal entry required in the first account feld, Round your answers to nearest whole dollar < Prey 4 of 12 3 Next >Get Accounting Homework Help Today

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