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Business, 06.05.2020 04:19 lamashermosa23

On October 5, Cullumber Company buys merchandise on account from Oriole Company. The selling price of the goods is $6,370, and the cost to Oriole Company is $3,420. On October 8, Cullumber Company returns defective goods with a selling price of $680 and a scrap value of $440.

Record the transactions of Cullumber Company, assuming a perpetual approach.

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On October 5, Cullumber Company buys merchandise on account from Oriole Company. The selling price o...
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