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Prepare a separate journal entry for each of the following transactions on the books of R Co. (a) On July 1, R Co. sold merchandise
Prepare a separate journal entry for each of the following transactions on the books of R Co. (a) On July 1, R Co. sold merchandise on account to W Inc. for $17,200, terms 2/10, n/30. (b) On July 8, W Inc. returned merchandise worth $3,800 to RAS Co. (c) On July 11, W Inc. paid for the merchandise.
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