journalize the following transactions for cox company using thegross method of accou 3732846

Journalize the following transactions for Cox Company using thegross method of accounting for sales discounts. Assume a perpetualinventory system. Also, assume a constant gross profit ratio forall items sold. Make sure to enter the day for each separatetransaction. April 7 Sold goods costing $6,000 to Lopez Company onaccount, $10,000, terms 4/10, n/30. April 13 Lopez Company wasgranted an allowance of $1,700 for returned merchandise that waspreviously purchased on account. The returned goods are in perfectcondition. April 18 Received the amount due from Lopez Company.

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