DEJ Co., a womens clothing store, purchased $25,000 of merchandise from a supplier on account, terms FOB

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DEJ Co., a women’s clothing store, purchased $25,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. DEJ Co. returned $3,500 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. Journalize DEJ Co.’s entries to record
(a) The purchase,
(b) The merchandise return,
(c) The payment.
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Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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