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Prepare journal entries for the following transactions a. Sold merchandise on account for 58,000 b. Merchandise valued at $3.000 is returned by a credit customer

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Prepare journal entries for the following transactions a. Sold merchandise on account for 58,000 b. Merchandise valued at $3.000 is returned by a credit customer c. A charge customer pays the amount due within the discount period The sale was for $1,400 and credit terms were 2/10, n/30

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