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June 4 Sandhili Company purchased $10,800 worth of merchandise, on account from Hayes Company. The cost of the merchandise was $7,560. 12. Sandhill returned $600

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June 4 Sandhili Company purchased $10,800 worth of merchandise, on account from Hayes Company. The cost of the merchandise was $7,560. 12. Sandhill returned $600 worth of goods to Hayes. The goods had a cost of $420 to Hayes. 12. Sandhill paid the account in full. Assume use of the perpetual inventory system for both companies. (a) Prepare separate tabular summaries to record these transactions in Sandhill's records. (Enter negative amounts using either a negotive sign preceding the number eg -45 or parentheses eg. (45)) June 4 Sandhill Company purchased $10,800 worth of merchandise, on account from Hayes Company. The cost of the merchandise was $7,560. 12 Sandhill returned $600 worth of goods to Hayes. The goods had a cost of $420 to Hayes. 12 Sandhill paid the account in full. Assume use of the perpetual inventory system for both companies. (a) Prepare separate tabular summaries to record these transactions in Sandhil's records. (Enter negative amounts using either a negative sign preceding the number es, -45 or parentheses es. (45))

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