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On June 6], Dime Corp. sold merchandise on account to Quarter Inc. for $8,000, terms 1/10, n/45. The merchandise originally cost Dime $2,000. Quarter plans

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On June 6\"], Dime Corp. sold merchandise on account to Quarter Inc. for $8,000, terms 1/10, n/45. The merchandise originally cost Dime $2,000. Quarter plans resell the merchandise to their Customers. On June 10th, Quarter paid the amount due. Both Dime and Quarter use a perpetual inventory system. Required [parts a & b) 3.) Prepare the journal entries on Dime Corp's books to record the sale and related collection. You may omit explanations. June 6\"]: June 10\"\": b) Prepare the journal entries on Quarter Inc.'s books to record the purchase and related payment. You may omit explanations. June 6\"]: June 10th

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