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5 Sony Company had the following transactions in December: Sony purchased $150,000 merchandise inventory on account terms, 3/10, n/30, FOB shipping point. Sony returned $10,000
5 Sony Company had the following transactions in December: Sony purchased $150,000 merchandise inventory on account terms, 3/10, n/30, FOB shipping point. Sony returned $10,000 of the merchandise purchased on Dec. 2 because it was defective. Dec. 2 Dec. 4 Dec. 10. Sony paid the invoice dated Dec 2 less returns and discount. Required: Prepare journal entries for these 3 transactions assuming Sony uses a perpetual inventory system. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). P BIUS Paragraph Arial 10pt A Ix
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