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Journalize the following transactions for Wilson Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. May 4 Purchased goods

Journalize the following transactions for Wilson Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. May 4 Purchased goods from Richardson Company on account, $10,000, terms 3/10, n/30. May 10 Returned merchandise to Richardson Company that was previously purchased on account, $800. May 15 Paid the amount due to Richardson Company. Date Account Title Debit Credit

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