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Prepare the journal entries to record the following purchase transactions in Wildhorse Company's books. Wildhorse uses a perpetual inventory system. Mar. 12 13 Wildhorse purchased
Prepare the journal entries to record the following purchase transactions in Wildhorse Company's books. Wildhorse uses a perpetual inventory system. Mar. 12 13 Wildhorse purchased $17,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination. The correct company paid freight costs of $195. Wildhorse returned $2,200 of the merchandise purchased on March 12 because it was damaged. Wildhorse paid the balance owing to Dalibor. 14 21 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation
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