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On October 5, Wang Company buys merchandise on account from Davis Company. The selling price of the goods is $4, 980, and the cost to

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On October 5, Wang Company buys merchandise on account from Davis Company. The selling price of the goods is $4, 980, and the cost to Davis Company is 52, 530. On October 8, Wang returns defective goods with a selling price of $680 and a fair value of $95. Record the transactions on the books of Davis Company

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