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Journalize the following transactions for the seller, Long Company, using the gross method to account for sales discounts. Assume a perpetual inventory system. Make sure

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Journalize the following transactions for the seller, Long Company, using the gross method to account for sales discounts. Assume a perpetual inventory system. Make sure to enter the day for each separate transaction. August 6 Sold goods costing $9,000 to Perry Company on account, $15,000, terms 3/10, n/30. The goods are sold FOB shipping point, freight prepaid by seller, $120. August 12 Perry Company returned damaged merchandise previously purchased on account, $3, 500. August 17 Received the amount due from Perry Company

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