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R. Santiago Co. uses special journals and a general journal. The following transactions occurred during May 2014.;May 1 R. Santiago invested...

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R. Santiago Co. uses special journals and a general journal. The following transactions occurred during May 2014.;May 1 R. Santiago invested $40,000 cash in the business.;2 Sold merchandise to Lawrie Co. for $6,300 cash. The cost of the merchandise sold was $4,200.;3 Purchased merchandise for $7,700 from J. Moskos using check no. 101.;14 Paid salary to H. Rivera $700 by issuing check no. 102.;16 Sold merchandise on account to K. Stanton for $900, terms n/30. The cost of the merchandise sold was $630.;22 A check of $9,000 is received from M. Mangini in full for invoice 101, no discount given

 

Paper#80349 | Written in 18-Jul-2015

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