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oh this the first part Prepare separate entries for each transaction for Bridgeport Company. The merchandise purchased by Wildhorse on June 10 had cost Bridgeport
oh this the first part
Prepare separate entries for each transaction for Bridgeport Company. The merchandise purchased by Wildhorse on June 10 had cost Bridgeport \$5, 100. (Credit account titles are automatically indented when omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record joumal entries in the order presented in the problem.) Question 1 of 3 13 (To record merchandise returned) (To record cost of merchandise returned) On June 10, Wiidhorse Co. purchased $6,700 of merchandise on account from Bridgeport Company, FOB shipping point, terms 1/10, n/30. Wildhorse pays the freight costs of $510 on June 11 . Damaged goods totaling $500 are returned to Bridgeport for credit on June 12. The fair value of these goods is $80. On June 19, Wildhorse pays Bridgeport Company in full, less the purchase discount. Both companies use a perpetual inventory system Step by Step Solution
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