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Seawolves4life
Nov 17, 2009, 08:46 AM
Based on the information below, journalize the entries for seller and buyer. Both use perpetual inventory system:

A) Seller sells Buyer on account merchadise costing $245 for $645, terms 2/10, net 30, FOB destination. The freight charge is $45.

B) Buyers returns as defective $145 worth of the $645merchandise received. The sellers cost is $70.

C) Buyer pays within the discount period.

morgaine300
Nov 18, 2009, 09:04 PM
Please see the guidelines for posting homework problems:
https://www.askmehelpdesk.com/accounting/statement-cash-flows-indirect-method-348245.html

Have you made some attempt at this?