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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. 1st, Jason's Deli sold inventory on account of $6,500 to Schlotzsky's Deli, terms 110,n30. The items cost Jason's Deli $4,200. On October 4th, Schlotzsky's Deli returned some of the inventory. This inventory had a selling price of $500 and a cost of $200. On October 8th, Schlotzsky's Deli paid Jason's Deli the amount due on that date. Prepare the following journal entries:
October 1st : Selling of Inventory
October 44th : Schlotzsky's Deli returning inventory to Jason's Deli.
October 8th : Within the discount period.
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