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Bushard Company (buyer) and Schmidt, Inc. (seller), engaged in the following transactions during February 201 : Busherd Company oAte thansactrons 201 Feb. 10 Purchased merchandise

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Bushard Company (buyer) and Schmidt, Inc. (seller), engaged in the following transactions during February 201 : Busherd Company oAte thansactrons 201 Feb. 10 Purchased merchandise for 85,300 from Schmidt, thc., Invoice 1980, terns 2/10,n/30. 13 Received Credit Meeorandun 230 from 5chmidt, inc., foe dasaged merchandise totaling $230 that was returned; the goods were purchased on Invoice 1980, dated February 10. 19 Paid amount due to Seheidt, Inc., for Invoice 1900 of February 10, less the return of Febriary 13 and less the cash discount, check 2010. Schmidt, Inc. Date travsActions Feb. 10 Sold merchandise for 35,300 en account to bushard Coenany, invoice 1980, teres 2/10, N/30. The cost of merchandise sold was 53,150, 13 I ssued Credit Memorandum 23e to Eushand Coepany for dassed eerchandise totaling \$2se that was returned; the goods were purchased on Invoice 1980, dated February 10. The cost of the returned goods was \$150. 19 leceived payment from bushard Company for invoice 1980 of february 10, less the return of february 13 and less the cash discount, Check 2016. Required: Both companies use the perpetual inventory system. Journalize the transactions above in a general journal for both Bushard Company and Schmidt, Inc. (Round final onswers to the nearest whole dollar volue.) Complete this question by entering your answers in the tabs below. Journalize the transactions above in a general journal for Bushard Company. Complete this question by entering your answers in the tabs below. Journalize the transactions above in a general journal for Schmidt Inc

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