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Jason's Deli uses a perpetual inventory system. On Nov. 1 s t , Jason's Deli sold inventory on account of $ 6 , 5 0
Jason's Deli uses a perpetual inventory system. On Nov. Jason's Deli sold inventory on account of $ to Schlotzsky's Deli, terms The items cost Jason's Deli $ On October Schlotzsky's Deli returned some of the inventory. This inventory had a selling price of $ and a cost of $ On October Schlotzsky's Deli paid Jason's Deli the amount due on that date. Prepare the following journal entries:
October : Selling of Inventory
October : Schlotzsky's Deli returning inventory to Jason's Deli.
October : Within the discount period.
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