On June 15, Dej Company sold merchandise for $2,600 on terms of n/30 to Musan Company. On

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On June 15, Dej Company sold merchandise for $2,600 on terms of n/30 to Musan Company. On June 20, Musan Company returned some of the merchandise for a credit of $600, and on June 25, Musan paid the balance owed. Give Dej's entries in T account form to record the sale, return, and receipt of cash under the perpetual inventory system. The cost of the merchandise sold on June 15 was $1,500, and the cost of the merchandise returned to inventory on June 20 was $350?
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Principles of Accounting

ISBN: 978-0618736614

10th edition

Authors: Belverd Needles, Marian Powers, Susan Crosson

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