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11 a SSG sold merchandise to SRU at a selling price of $155,000. The merchandise had cost SSG $106.000. b. Two days later, SRU complained
11 a SSG sold merchandise to SRU at a selling price of $155,000. The merchandise had cost SSG $106.000. b. Two days later, SRU complained to SSG that some of the merchandise differed from what SRU had ordered. SSG agreed to give an allowance of $6,000 to SRU. SRU also returned some sporting goods, which had cost SSG $15,000 and had been sold to SRU for $19,500. No further returns are expected c. Just three days later SRU paid SSG, which settled all amounts owed. Part 2 of 2 8 points PB6-1 (Algo) Part 2 2. Prepare the journal entries that SRU would record. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) eBook Print References View transactleg, fist View journal entry worksheet No Transaction Inventory Accounts Payable General Journal Debit Credit 1 a 155,000 155,000 2. b Accounts Payable Inventory
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