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Golf World sold merchandise to Muligans for $91000, offering terms of 1/15, 130 Muligans paid for the merchandise within the discount period. Both companies use

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Golf World sold merchandise to Muligans for $91000, offering terms of 1/15, 130 Muligans paid for the merchandise within the discount period. Both companies use perpetual inventory systems a. Prepare journal entries in the accounting records of Golf Work to account for this sale and the subsequent collection. Assume the Original cost of the merchandise to Goll World had been $59.150. b. Prepare journal entries in the accounting records of Mulligans to account for the purchase and subsequent payment. Muligans records purchases of merchandise at net cost. c. Assume that because of a change in personnel, Mulligans failed to pay for this merchandise within the discount period. Prepare the Journal entry in the accounting records of Muligans to record payment after the discount period, Complete this question by entering your answers in the tabs below. Requited B Required Prepare youma entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the criginal cost of the merchandise to Golf World had seen $59,150. If no entry is required for a transaction/event, select youmal contened in the first account. Held) Record the collection of account receivable from Mulligans within the discount period. Note: Enter debits before credits Transaction General Journal Debit Credit 3 Cash Sales discounts Accounts receivable (Mulligans) 1 2 Record the purchase of merchandise from Golf World. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 2 Record the payment of account payable to Golf World within the discount period Note: Enter debits before credits Transaction General Journal Debit Credit Journal entry worksheet

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