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On March 1, Lincoln sold merchandise on account to Bramble Company for $28,800, terms 1/10, net 45. On March 6, Bramble returns merchandise with a

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On March 1, Lincoln sold merchandise on account to Bramble Company for $28,800, terms 1/10, net 45. On March 6, Bramble returns merchandise with a sales price of $2,400. On March 11, Lincoln receives payment from Bramble for the balance due. Prepare journal entries to record the March transactions on Lincoln's books. (You may ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amunt is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit On January 1, 2020. Bramble Country Club purchased a new riding mower for $14,000. The mower is expected to have an 5-year life with a $7,000 salvage value. What journal entry would Bramble make at December 31, 2020, if it uses straight-line depreciation (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) Debit Credit Date Account Titles and Explanation Dec 31

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