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Ord Company uses a perpetual inventory system

Ord Company uses a perpetual inventory system 



Ord Company uses a perpetual inventory system. During May, the following transactions andevents occurred.May 13 Sold 6 motors at a cost of $44 each to Waller Brothers Supply Company, terms 1/10,
n/30. The motors cost Ord $25 each.
May 16 One defective motor was returned to Ord.
May 23 Received payment in full from Waller Brothers.
Instructions
Journalize the May transactions for Ord Company (seller) assuming that Ord uses a perpetual
inventory system. You may omit explanations.



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Answered
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01 Apr 2016

Answers (1)

  1. Genius

    Ord Company uses a perpetual inventory system

    Ord Company uses a perpetual inventory system ****** ******
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