Prepare the appropriate journal entry_a teacher buys 100 copies of a
Please prepare the appropriate journal entry. If you are not sure of a debit or credit, please indicate what information you do know. A teacher buys 100 copies of a book. Retail price is $29.95 each and cost is $2.1822 each. The customer is non-tax exempt and terms are Net 30. They want overnight shipping, which is 5% of total sales. Sales tax is 7%. […]