Prepare the journal entries to record the following transactions on Robertson Company's books using a perpetual inventory

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Prepare the journal entries to record the following transactions on Robertson Company's books using a perpetual inventory system.

a. On March 2, Melky Company sold $\$ 800,000$ of merchandise to Robertson Company, terms $2 / 10$, $\mathrm{n} / 30$.

b. On March 6, Robertson Company returned $\$ 100,000$ of the merchandise purchased on March 2.

c. On March 12, Robertson Company paid the balance due to Melky Company.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119791089

10th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell

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Question Posted: Feb 24, 2024 05:01 AM

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Prepare the journal entries to record the following transactions on Robertson Company's books using a perpetual inventory

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