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Ozzy Company returns $2,000 of merchandise purchased on October 3 Prepare the journal entries for the following transactions. You are doing this for the company
Ozzy Company returns $2,000 of merchandise purchased on October 3
Prepare the journal entries for the following transactions. You are doing this for the company making the sale. Ignore cost of goods sold. October 3 Sell S9,000 worth of merchandise to the Ozzy Company on credit terms 2/10, n/30 October 5 Ozzy Company returns S2,000 of merchandise purchased on October 3. October 9 - Ozzy pays their balance from the October 3rd purchase in full.
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