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1. Prepare journal entries to record the following transactions entered into by the Castagno Company. (3 pts) Ignore the cost of Goods Sold entries. 2017

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1. Prepare journal entries to record the following transactions entered into by the Castagno Company. (3 pts) Ignore the cost of Goods Sold entries. 2017 Nov. 1 Sold merchandise on account to Mercer, Inc., for $18,000, terms 2/10, n/30 Nov. 5 Mercer, Inc., returned merchandise worth $1,000. Nov. 9 Received payment in full from Mercer, Inc

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