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Can you help me with this and explain it too please , thank you so much!!! Brief Exercise 5-5 Prepare the journal entries to record
Can you help me with this and explain it too please , thank you so much!!!
Brief Exercise 5-5 Prepare the journal entries to record the following purchase transactions in Sarasota Inc.'s books. Sarasota uses a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Jan. 2 5 6 11 Sarasota purchased goods for $45,100 from Fundy Corp., terms 2/10, n/45, FOB destination. The appropriate company paid freight costs of $800. Sarasota returned $5,400 of the goods purchased on January 2, because they were not needed. Sarasota paid the balance owed to Fundy. Date Account Titles and Explanation Debit Credit Jan. 2Step by Step Solution
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