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Business, 11.12.2019 07:31 king6757

Prepare the necessary journal entries to record the following transactions, assuming eustace company uses a perpetual inventory system.
(a) eustace sells $45,000 of merchandise, terms 1/10, n/30. the merchandise cost $30,000.
(b) the customer in (a) returned $4,000 of merchandise to eustace. the merchandise returned cost $2,400.
(c) eustace received the balance due within the discount period.

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Prepare the necessary journal entries to record the following transactions, assuming eustace company...
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