On April 15, Eiji Company sold merchandise to Pinto Company for $1,500 on terms of 2/10, n/30.
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On April 15, Eiji Company sold merchandise to Pinto Company for $1,500 on terms of 2/10, n/30. Record the entries in both Eiji's and Pinto's records for (1) the sale, (2) a return of merchandise on April 20 of $300, and (3) payment in full on April 25. Assume both companies use the periodic inventory system. SE-10
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