# 9. Journalize the following transactions for a merchandiser that uses the gross method for recording sales...

###### Question:

9. Journalize the following transactions for a merchandiser that uses the gross method for recording sales and a perpetual inventory system. On January 8, inventory was sold for AED 7,000 on account. Credit terms were 2/15, n/30 (cost AED 5,500). On January 31, cash was received in full settlement of the January 8 sale. Omit explanations, (20 Points) Jan 8 Jan. 31

#### Similar Solved Questions

##### Twilight Company uses the aging of accounts receivable method to estimate Bad Debt Expense. The balance...
Twilight Company uses the aging of accounts receivable method to estimate Bad Debt Expense. The balance of each account receivable is aged on the basis of three categories as follows: (1) 1-30 days old, (2) 31-90 days old, and (3) more than 90 days old. Based on experience, management has estimated ...
##### There was another answer, but i did not quite get it. it seemed to use polar...
there was another answer, but i did not quite get it. it seemed to use polar coordinates or something, but i don't really understand how it set up the integral. Problem 3: Consider a disk of radius R in the xy-plane with a non-uniform surface charge density ơ(r)-ar, where a > 0 is a cons...
##### Unit Seven WKU Libraries Student Resource Portal QUESTION 2 O Type here to search
Unit Seven WKU Libraries Student Resource Portal QUESTION 2 O Type here to search...