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On June 10, Sandhill Company purchased $8.000 of merchandise from Carla Vista Company, terms 2/10,n/30. Sandhill Company pays the freight costs of $430 on June

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On June 10, Sandhill Company purchased $8.000 of merchandise from Carla Vista Company, terms 2/10,n/30. Sandhill Company pays the freight costs of $430 on June 11. Goods totaling $500 are returned to Carla Vista Company for credit on June 12. On Jur 19. Sandhill Company pays Carla Vista Company in full, less the purchase discount. Both companies use a perpetual inventory system Date Account Titles and Explanation Debit Credit June 10 Inventory 8000 Accounts Payable 8000 June 11 Inventory 430 Cash 430 June 12 Accounts Payable 500 Inventory 500 June 19 Accounts Payable 7500 =8000-500 Inventory 150 =7500*2% Cash 7350 Prepare separate entries for each transaction for Carla Vista Company. The merchandise purchased by Sandhill Company on June 10 cost Carla Vista Company $2,090, and the goods returned cost Carla Vista Company $280. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. 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 June 10 : Inventory (To record credit sale) (To record cost of goods sold) June 114 June 12 June 12 (To record credit sale) (To record cost of goods returned) June 19

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