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asap pls (1) Prepare journal entries on the books of Jones Company (purchaser) for the following transactions: Apr. 5 Purchased golf bags, clubs, and balls
asap pls
(1) Prepare journal entries on the books of Jones Company (purchaser) for the following transactions: Apr. 5 Purchased golf bags, clubs, and balls on account from Lopez C0.$1,500,FOB shipping point, terms 2/10,n/60. Apr. 7 Paid freight on Lopez purchase $80. Apr. 9 Received credit from Lopez Co. for merchandise returned $100. Apr. 14 Paid Lopez Co. in full, less discount. (2) Prepare the journal entry if Jones Company paid Lopez on April 20th rather than April 14th? ? (3) Prepare journal entries on the books of Manny Company (seller) for the following transactions Step by Step Solution
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