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Cha Company buys merchandise on account from Wirtz Company. The selling price of the goods is dollar 1, 130, and the cost of the goods

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Cha Company buys merchandise on account from Wirtz Company. The selling price of the goods is dollar 1, 130, and the cost of the goods is dollar790. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies. (credit account titles are automatically indented when amount is entered. Do not indent manually.)

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