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Brief Exercise 5-03 Ivanhoe Company buys merchandise on account from Bridgeport Company. The selling price of the goods is $800, and the cost of the

Brief Exercise 5-03

Ivanhoe Company buys merchandise on account from Bridgeport Company. The selling price of the goods is $800, and the cost of the goods is $420. Both companies use perpetual inventory systems.

please help me journalize the transaction on the books of both companies

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