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Several Transactions of the Fleming Company Are Listed Below:
\quad

Question 85

Essay

Several transactions of the Fleming Company are listed below:
Sept. 1 \quad Sold $5,000 \$ 5,000 on account to Busy Co., terms 2/10,1/30 2 / 10,1 / 30 .
Sept. 3 \quad Made cash sales of $2,000 \$ 2,000 to Cable Co.
Sept.7 \quad Collected from Busy Co.
Sept. 9 \quad Soldland for $3,400 \$ 3,400 to Dumpling Inc. Dumpling Inc. made a $900 \$ 900 down payment and signed a 60 -day, 12% 12 \% note fo the balance. The land had originally cost $2,700 \$ 2,700 .

Two special journals are presented below.
 Several transactions of the Fleming Company are listed below:  Sept. 1  \quad  Sold   \$ 5,000   on account to Busy Co., terms   2 / 10,1 / 30  . Sept. 3  \quad  Made cash sales of   \$ 2,000   to Cable Co. Sept.7   \quad   Collected from Busy Co. Sept. 9 \quad   Soldland for   \$ 3,400   to Dumpling Inc. Dumpling Inc. made a   \$ 900   down payment and signed a 60 -day,   12 \%   note fo the balance. The land had originally cost   \$ 2,700  .   Two special journals are presented below.      Required: Indicate how each transaction would be recorded in the special journals by placing account titles and amount(s)in the correct columns.     Several transactions of the Fleming Company are listed below:  Sept. 1  \quad  Sold   \$ 5,000   on account to Busy Co., terms   2 / 10,1 / 30  . Sept. 3  \quad  Made cash sales of   \$ 2,000   to Cable Co. Sept.7   \quad   Collected from Busy Co. Sept. 9 \quad   Soldland for   \$ 3,400   to Dumpling Inc. Dumpling Inc. made a   \$ 900   down payment and signed a 60 -day,   12 \%   note fo the balance. The land had originally cost   \$ 2,700  .   Two special journals are presented below.      Required: Indicate how each transaction would be recorded in the special journals by placing account titles and amount(s)in the correct columns.    Required:
Indicate how each transaction would be recorded in the special journals by placing account titles and amount(s)in the correct columns.
 Several transactions of the Fleming Company are listed below:  Sept. 1  \quad  Sold   \$ 5,000   on account to Busy Co., terms   2 / 10,1 / 30  . Sept. 3  \quad  Made cash sales of   \$ 2,000   to Cable Co. Sept.7   \quad   Collected from Busy Co. Sept. 9 \quad   Soldland for   \$ 3,400   to Dumpling Inc. Dumpling Inc. made a   \$ 900   down payment and signed a 60 -day,   12 \%   note fo the balance. The land had originally cost   \$ 2,700  .   Two special journals are presented below.      Required: Indicate how each transaction would be recorded in the special journals by placing account titles and amount(s)in the correct columns.

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