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(Solved): Metlock Company sold $8,590 of its specialty shelving to Elkins Office Supply Co. on account. Prep ...



Metlock Company sold \( \$ 8,590 \) of its specialty shelving to Elkins Office Supply Co. on account. Prepare the entries ign(c) at year-end; Metlock estimates that an additional \$215 in allowances will be granted to Elkins. (If no entry is required

Metlock Company sold of its specialty shelving to Elkins Office Supply Co. on account. Prepare the entries ignoring cost of goods sold entries when (a) Metlock makes the sale. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) (b) Metlock grants an allowance of when some of the shelving does not meet exact specifications but still could be sold by Elkins. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) (c) at year-end; Metlock estimates that an additional \$215 in allowances will be granted to Elkins. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.)


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Journal entry when, Metlock makes sale;DateAccountDrCrAccounts Receiva
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