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Exercise 5-5 Presented below are transactions related to Bogner Company. 1. 2. 3. On December 3, Bogner Company sold $570,000 of merchandise on account to

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Exercise 5-5 Presented below are transactions related to Bogner Company. 1. 2. 3. On December 3, Bogner Company sold $570,000 of merchandise on account to Maris Co terms 2/10 n/30, FOB shipping point. The cost of the merchandise sold was $350,000 On December 8, Maris Co. was granted an allowance of $20,000 for merchandise purchased on December 3. On December 13, Bogner Company received the balance due from Maris Co

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