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Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 2019: 3ushard Company DATE 2a19 Feb. la 13 19 TRANSACTIONS
Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 2019: 3ushard Company DATE 2a19 Feb. la 13 19 TRANSACTIONS Purchased merchandise for $6, ae from Schmidt, Inc. , 1/10, n/3. Received Credit Memorandum 230 from Schmidt , Invoice 198e , terms f or damaged Inc., merchandise totaling $3e that was returned; the goods were purchased on Invoice 1980, dated February 10. Paid amount due to Schmidt, Inc., for Invoice 1980 of February I, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc. DATE 2a19 Feb. la 13 19 TRANSACTIONS Sold merchandise for $6, ea on account to Sushard Company, Invoice 1980 terms 1/10, n/ 30. The cost of merchandise sold was $3, See. Issued Credit Memorandum 233 to Bushard Company for damaged merchandise totaling that was returned; the goods were purchased on Invoice 1980, dated February 10. The cost of the returned goods was $220. Received payment from Bushard Company for Invoice 1980 of February Ie, less the return of Februat"j 13 and less the cash discount, Check 2eI. 30th companies use the perpetual inventory system. Journalize the transactions above in a general journal for both Bushard Company 3nd Schmidt, Inc. (Round final answers to the nearest whole dollar value.)
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