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On June 1 0 , Ivanhoe Company purchased $ 9 , 5 0 0 of merchandise from Bridgeport Company, FOB shipping point, terms 1 1

On June 10, Ivanhoe Company purchased $9,500 of merchandise from Bridgeport Company, FOB shipping point, terms 110,n30. Ivanhoe pays the freight costs of $610 on June 11. Damaged goods totaling $300 are returned to Bridgeport for credit on June 12. On June 19, Ivanhoe pays Bridgeport Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Prepare separate entries for each transaction on the books of I vanhoe Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
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