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Journalize the following transactions for the buyer, Cooper Company, using the gross method to account for purchase discounts. Assume a perpetual inventory system. October 3
Journalize the following transactions for the buyer, Cooper Company, using the gross method to account for purchase discounts. Assume a perpetual inventory system. October 3 October 9 October 14 Purchased merchandise from Roberts Company on account, $10,000, terms 4/10, n/30. The goods are shipped FOB shipping_point, freight prepaid by seller, $470. Returned to Roberts Company merchandise previously purchased on account, $1,100. Paid the amount due to Roberts Company. Date Account Title Debit Credit G
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