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Dalton Company sold merchandise to Abbott Company on account, $7,500, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $4,400. Dalton
Dalton Company sold merchandise to Abbott Company on account, $7,500, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $4,400. Dalton Company paid freight of $400. Journalize the entries for Dalton Company and Abbott Company for the sale, purchase, and payment of amount due. Assume that all discounts are taken
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