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2. The following transactions occurred between Dajin Company and the Chuanxiao company in April, 20X1. Please prepare accounting entries for the two companies according
2. The following transactions occurred between Dajin Company and the Chuanxiao company in April, 20X1. Please prepare accounting entries for the two companies according to the periodic inventory system and the perpetual inventory system. (30% Date, accounting item name, amount should be properly written. 2 points will be deducted for every wrong entry until the deduction is complete.) Dajin Company purchased $60,000 of goods from Chuanxiao Company with payment terms "2/10/EOM, n/60" on April 8. According to the Chuxiao co. inventory cost information, the cost of the goods was $42,000 and the goods were delivered. Chuanxiao Company paid $900 freight to the freight company on April 9. Chuanxiao Company agreed to grant Dajin Company a sales allowance of $3,000 on April 12 because part of the goods was damaged in transit Dajin Company returned $6,000 of goods to the Chuanxiao Company on April 18 because the quality of some goods was not in conformity with the regulations, and the cost of goods was $4,200, Dajin Company paid all the money owed to Chuanxiao Company. Dajin Company-Periodic Inventory System
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