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Golf World sold merchandise to Mulligans for $89,000, offering terms of 1/15, n/30. Mulligans paid for the merchandise within the discount period. Both companies use

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Golf World sold merchandise to Mulligans for $89,000, offering terms of 1/15, n/30. Mulligans paid for the merchandise within the discount period. Both companies use perpetual inventory systems a. Prepare journal entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the original cost of the merchandise to Golf World had been $57,850 (Omit the "$" sign in your response.) General Journal Debit Credit (Click to select) Click to select) Click to select) Click to select) (Click to select) (Click to select) (Click to select) b. Prepare journal entries in the accounting records of Mulligans to account for the purchase and subsequent payment. Mulligans records purchases of merchandise at net cost. (Omit the "$" sign in your response.) General Journal Debit Credit (Click to select) (Click to select) (Click to select) Click to select)

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