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Giovanni Ltd buys merchandise on account from Gordon Ltd. The selling price of the goods is $ 860, and the cost of the goods is

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Giovanni Ltd buys merchandise on account from Gordon Ltd. The selling price of the goods is $ 860, and the cost of the goods is $ 640. Both companies use perpetual inventory systems. Journalise the transaction on the books of both companies. (Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Particulars Debit Credit Particulars Debit Credit Sales

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