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answer this question please Taos Company purchased merchandise for resale from Tuscon Company with an invoice price of $29,800 and credit terms of 2/10, n/60.
answer this question please
Taos Company purchased merchandise for resale from Tuscon Company with an invoice price of $29,800 and credit terms of 2/10, n/60. The merchandise had cost Tuscon $20,324. Taos paid within the discount period. Prepare joumal entries to record each of the merchandising transactions assuming that the periodic inventory system is used by both the buyer and the seller. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) BUYER - Taos Company General Journal Debit Credit (Click to select) (Click to select) II (Click to select) (Click to select) (Click to select) II > SELLER - Tuscon Company General Journal Debit Credit (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) 1Step by Step Solution
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