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On June 10, Windsor Company purchased $7,000 of merchandise from Wildhorse Company, on account, terms 3/10, n/30. Windsor pays the freight costs of $430 on
On June 10, Windsor Company purchased $7,000 of merchandise from Wildhorse Company, on account, terms 3/10, n/30. Windsor pays the freight costs of $430 on June 11. Goods totaling $300 are returned to Wildhorse for credit on June 12. On June 19, Windsor Company pays Wildhorse Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Questi a) Prepare separate entries for each transaction on the books of Windsor Company. If no entry is required, select "No Entry for the countries and enter for the amounts Credit accountitles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation eTextbook and Media List of Accounts Attempts: unlimited Submit Answer bStep by Step Solution
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