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On February 6, Wildhorse Home sold $99,500 of merchandise to A1 Interiors Compamy, terms 2/10, net /30. The cost of the inerchandise sold was $64,500.

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On February 6, Wildhorse Home sold $99,500 of merchandise to A1 Interiors Compamy, terms 2/10, net /30. The cost of the inerchandise sold was $64,500. On February 8 , A1 returned $20,200 of the merchandise purchased on February 6 . The cost of the merchandise returned was $15,200, On February 16 Wildhorse Home received the balance due from A1. Prepare the journal entries to record the above transactions on Wildhorse Home Company's books using a perpetual inventory system. (Credit occount titles ore automatically indented when the amount is entered. Do not indent manuolly. Record journal entries in the order presented in the problem. (ist debit entries before credit entries.) (To record goods returned) Feb.8 8 inventory 15200 Cost of Goods Sold 15200 (To record cost of goods returned) Feb 16 : Cash. Sales Discounts Accounts Receivable 99500

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