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On June 1 0 , Kingbird Company purchased $ 6 , 0 0 0 of merchandise from Blossom Company, on account, terms 2 / 1
On June Kingbird Company purchased $ of merchandise from Blossom
Company, on account, terms Kingbird pays the freight costs of $ on
June Goods totaling $ are returned to Blossom for credit on June On June
Kingbird Company pays Blossom Company in full, less the purchase discount. Both
companies use a perpetual inventory system.
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