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on oct 5th pharaoh company buys merchandise on an account from flounder company. the selling price of the goods is 5,420 and the cost to

on oct 5th pharaoh company buys merchandise on an account from flounder company. the selling price of the goods is 5,420 and the cost to flounder company is 2690. on october 8th pharoah returns defective goods with a selling price of $660 and fair value of $115. record the transactions on the books of pharaoh company using the perpetual inventory system

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