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answer this question pls Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies use

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answer this question pls

Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies use a perpetual inventory system. a. January 5: Star Inc.'s merchandise that cost $2,800 was sold to Weber Inc. for $3,500 under credit terms of 2/15,n/60, FOB shipping point. b. January 23: Weber Inc. received a $700 credit memorandum from Star Inc. acknowledging the return of defective merchandise. c. January 27: Weber Inc. paid Star Inc. the balance due. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan ). Please use the ' + ' and '-' buttons to change the number of accounts (if necessary) for each journal entry. a) Weber Inc. b) Star Inc

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