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a. Jan 1 BOOTSY Company purchases $3,050 worth of merchandise from SALTY Company, terms: 2/10, net 30. b. Jan 3 BOOTSY Company returns $450 of

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a. Jan 1" BOOTSY Company purchases $3,050 worth of merchandise from SALTY Company, terms: 2/10, net 30. b. Jan 3 BOOTSY Company returns $450 of the goods, as they were defective. c. Jan 10th BOOTSY Company pays SATLY Company for the merchandise. d. Prepare the journal entry required if BOOTSY paid SALTY on January 30th and not Jan. 104 PARTA Record general journal entries for each of the following transactions on the books of the BUYER: (BOOTSY Company uses the periodic method of tracking inventory.) Date Account PR Debit Credit ecord general journal entries for each of the following transactions on the books of the BUYER: (BOOTSY Company uses the perpetual method of tracking inventory.) e. Jan 1" BOOTSY Company purchases $3,050 worth of merchandise from SATLY Company, terms: 2/10, net 30. f. Jan 3rd BOOTSY Company returns $450 of the goods, as they were defective. g. Jan 10th BOOTSY Company pays SATLY Company for the merchandise. Prepare the journal entry required if BOOTSY paid SALTY on January 30th and not Jan. 10th Date Account PR Debit Credit Record general journal entries for each of the following transactions on the books of the SELLER (SALTY Company uses the periodic method of tracking inventory.) h. Jan 15 BOOTSY Company purchases $3,050 worth of merchandise from SATLY Company, terms: 2/10, net 30. The merchandise had a cost of $2,000 to SALTY i. Jan 31 BOOTSY Company returns $450 (cost $300) of the goods, as they were defective. j. Jan 10h BOOTSY Company pays SATLY Company for the merchandise. k. Assume that BOOTSY paid SALTY on Jan. 30h and not Jan 10th. Date Account PR Debit Credit PART D Company uses the perpetual method of tracking inventory.) net 30. The merchandise had a cost of $2,000 to SALTY m. Jan 3rd BOOTSY Company returns $450 (cost $300) of the goods, as they were defective. n. Jan 10th BOOTSY Company pays SATLY Company for the merchandise. o. Assume that BOOTSY paid SALTY on Jan. 30h and not Jan 10h. Credit Debit PR Date Account Record general journal entries for each of the following transactions on the books of the SELLER: (SALTY 1. Jan 15 BOOTSY Company purchases $3.050 worth of merchandise from SATLY Company, terms: 2/10

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