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Problem #4 (10 points) Garth Company sold goods on account to Kyle Enterprises with terms of 2/10, n/30. The goods had a cost of $600

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Problem #4 (10 points) Garth Company sold goods on account to Kyle Enterprises with terms of 2/10, n/30. The goods had a cost of $600 and a selling price of $1,100. Both Garth and Kyle use a perpetual inventory system. Instructions: Record both the sale on the books of Garth Company and the purchase on the books of Kyle Enterprises Solution #4 Journal entry on Garth's books

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