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Given the following prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies use a perpetual inventory system
Given the following prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies use a perpetual inventory system a April 14 Bentley Inc.'s merchandise that cost $1. 360 was sold to Global Filter Corp for $1,700 under credit forms of 2/15, n.00, FOB shipping point b Apnt 28 Global Filter Corp paid Bentley in the balance due Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format ddmmm (e January 16 would be 15/Jan) Please use the sand button to change the number of accounts of necessary) for each journal entry a) Global Fiter Corp b) Bentley Inc General Journal Account Explanation Paon GO Date F Debit Credit General Journal Account Explanation Page B F Dest Credit
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