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Entity C sold Entity F $9,000 of merchandise. Terms are n/20, net 30. Entity C paid $4,500 for all of the merchandise. 1) Journalize the
Entity C sold Entity F $9,000 of merchandise. Terms are n/20, net 30. Entity C paid $4,500 for all of the merchandise.
1) Journalize the sale on Entity C books
2) If entity F returned $2,000 of the merchandise purchased and paid for the remaining balance within 8 days from the date, how much did entity F remit to Entity C
3) What was the journal entry made by Entity C for the return
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