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E 6 A . Linear Company engaged in the following transactions: July 2 Purchased merchandise on credit from Green Company, terms 2 / 1 0
EA Linear Company engaged in the following transactions: July Purchased merchandise on credit from Green Company, terms n FOB destination, invoice dated July $ Returned some merchandise to Green for full credit, $ Paid Green for purchase of July less return and discount. Purchased merchandise on credit from Green, terms n FOB destination, invoice dated July $ Paid amount owed Green for purchase of July Prepare journal entries and, assuming the perpetual inventory system, determine the total amount paid to Green.
EA Linear Company engaged in the following transactions:
July Purchased merchandise on credit from Green Company, terms n
FOB destination, invoice dated July $
Returned some merchandise to Green for full credit, $
Paid Green for purchase of July less return and discount.
Purchased merchandise on credit from Green, terms n FOB
destination, invoice dated July $
Paid amount owed Green for purchase of July
Prepare journal entries and, assuming the perpetual inventory system, determine the
total amount paid to Green.
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