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Moving to the next question prevents changes to this answer Question 4 of 5 10 points Question 4 Save Answer Chapter 6 (10 Marks, 20

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Moving to the next question prevents changes to this answer Question 4 of 5 10 points Question 4 Save Answer Chapter 6 (10 Marks, 20 Minutes) Ransak Corporation sold merchandise to Belville Corporation on account for $178,000 with credit terms 2/10,n/30 on February 19, 2021. The cost of the merchandise sold was $86,000 Belville returned 15% worth of merchandise on February 22, 2021 and paid its account in full within 7 days. The returned goods were returned to inventory. Both companies use a perpetual inventory system and follow ASPE Required: Prepare the journal entries that Ransak Corporation made to record the sale of merchandise return of merchandise collection on account 1 2 3

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