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1. inventories costing $1,500. Credit terms were 3/10, n/30. Freight was FOB shipping point and was paid by cash for $10. 2. Jan 5, 2020.

1.
inventories costing $1,500. Credit terms were 3/10, n/30. Freight was
FOB shipping point and was paid by cash for $10.
2. Jan 5, 2020. Ray Jones Store returned damaged inventories valued at $600
3. Jan 12, 2020. Ray Jones Store settled the account.
4. Let's assumed Ray Jones Store settled the account on March 9th, what would be the
journal entries?
Please prepare all 4 journall entries.

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