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1. Jan 1, 2020. Ray Jones Store purchased, on credit, from Tom Wholesellers, Inventories costing $1,500. Credit terms were 3/10, 1/30. Freight was FOB shipping

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1. Jan 1, 2020. Ray Jones Store purchased, on credit, from Tom Wholesellers, Inventories costing $1,500. Credit terms were 3/10, 1/30. Freight was FOB shipping point and was paid by cash for $10. 2. 3. Jan 5, 2020. Ray Jones Store returned damaged inventories valued at $600 Jan 12, 2020, Ray Jones Store settled the account. Let's assumed Ray Jones Store settled the account on January 9th. What would be the journal entries? Please prepare all 4 journall entries. Date Account Name Debit Credit 0 0

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