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another gueron will save some Question 6 On Nov 11. Al Ain Co, accepts delivery of $140,000 of merchandiselt purchases for resale from Dahal Corporation
another gueron will save some Question 6 On Nov 11. Al Ain Co, accepts delivery of $140,000 of merchandiselt purchases for resale from Dahal Corporation with the merchandise dated Nov 11. with terms of 2/10, 1/60, FOB shipping point. The goods cost Dubal 585.000. When the goods are delivered N N 13.40 Shipping for delivery charges on the merchandise On Nov 12. Al Ain returns $18.400 of goods to Dubai, which receives them two days over and restores to inventory. The returned podaco 59,800. On Nov 20, Al Ain mails a check to Dubai Corporation for the amount owed. Dubai receives it the following day (Bch Anand Cuba perpetual inventory system) a) Prepare journal entries that Al-Ain Co records for these transactions b) Prepare journal entries that Dubai Corporation records for these transactions
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