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Prepare journal entries for the following sales transactions; perpetual inventory system is used. Jan 2 . River sold 4 0 0 0 0 of goods
Prepare journal entries for the following sales transactions; perpetual inventory system is used.
Jan River sold of goods to xtra inc, terms n fob destination. cost of goods sold was River expected a return rate of
Jan Appropriate company paid freight cost of
Jan xtra returned of merchandise purchased from river on Jan Because it was. Not needed. Cost of merchandise returned was and was restored to inventory
Feb River received balance due from xtra
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