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On June 10, Wildhorse Co. purchased $6.700 of merchandise on account from Bridgeport Company, FOB shipping point, terms 1/10, 1/30 Wildhorse pays the freight costs

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On June 10, Wildhorse Co. purchased $6.700 of merchandise on account from Bridgeport Company, FOB shipping point, terms 1/10, 1/30 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 Prepare separate entries for each transaction on the books of Wildhorse Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Record journal entries in the order presented in the problem.) Credit Date Debit Account Titles and Explanation Question 2 of 7 -/1 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 amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise returned) o te OM problem.) Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold) (To record merchandise returned) v (To record cost of merchandise returned) O Lo M

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