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Part II Record the following transactions under BOTH the perpetual and periodic systems from the perspective of the seller. Nov. 6th - Goods costing $100
Part II
Record the following transactions under BOTH the perpetual and periodic systems from the perspective of the seller.
Nov. 6th - Goods costing $100 are sold to Jinjer Co. on account for $250 (terms n/30, FOB destination)
Nov. 7th - Freight charge of $25 is paid to have these goods delivered.
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