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During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows January 6 Sold goods

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During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows January 6 Sold goods for $200 to Wizard Incorporated with terms 2/30, n/60. The goods cost Solitare $85. January 6 Sold goods to Spyder Corporation for $110 with terms 5/10, n/60. The goods cost Solitare $75. January 14 collected cash for the amount due from Wizard Incorporated. February 28 collected cash for the amount due from Spyder Corporation. Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the sales on account of $200 to Wizard Incorporated on terms 2/10, n/30 Note: Enter debits before credits

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