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On October 5, Bramble Company buys merchandise on account from Novak Company. The selling price of the goods is $ 4,500, and the cost to
On October 5, Bramble Company buys merchandise on account from Novak Company. The selling price of the goods is $ 4,500, and the cost to Novak Company is $ 3,010. On October 8, Bramble returns defective goods with a selling price of $ 710 and a fair value of $ 285. Record the transactions on the books of Novak Company.
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