On April 1, Moloney Meat Distributors sold merchandise on account to F


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On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $3,690 on Invoice 1001, terms 1/10, n/30. The cost of merchandise sold was $2,380. Payment was received in full from Fronke's Franks, less discount, on April 10. Reco

Sale price $15.00 Regular price $30.00

On April 1, Moloney Meat Distributors sold merchandise on account
to Fronke's Franks for $3,690 on Invoice 1001, terms 1/10, n/30. The cost of merchandise sold was $2,380. Payment was received in full from Fronke's Franks, less discount, on April 10.
Record the transactions for Moloney Meat Distributors on April 1 and April 10. The company uses the perpetual inventory system. (Round final answers to the nearest whole dollar value.)


-On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $3,690 on Invoice 1001, terms 1/10, n/30.
-The cost of merchandise sold was $2,380.
-Received payment from Fronke's Franks for Invoice 1001, dated April 1.

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