By the River Spas, Inc., purchased $10,900 worth of inventory from the Pool Doctor on account, terms

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By the River Spas, Inc., purchased $10,900 worth of inventory from the Pool Doctor on account, terms of 1/10, n/30. Some of the goods are damaged in shipment, so By the River Spas, Inc., returns $2,200 of the merchandise to the Pool Doctor.
Journalize the following transactions for By the River Spas, Inc. Explanations are not required.
a. Purchase of the goods
b. Return of the damaged goods
c. Payment for the goods within the discount period

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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