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Purchase-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $32,800, terms n/30. The cost of the merchandise sold is $19,700.

Purchase-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $32,800, terms n/30. The cost of the merchandise sold is $19,700. Showcase Co. issues a credit memo for $5,600 as a price adjustment prior to Balboa Co. paying the original invoice. a. Journalize Balboa Co.'s entry for the purchase. If an amount box does not require an entry, leave it blank. b. Journalize Balboa Co.'s entry for the credit memo. If an amount box does not require an entry, leave it blank. c. Journalize Balboa Co.'s entry for the payment of the invoice. If an amount box does not require an entry, leave it blank.
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Purchase-Related Transactions issues a credit memo for $5,600 as a price adjustment prior to Balboa Co: paying the original invoice a. Journalize Balboa Cois entry for the purchase, If an amount box does not cequire an entry, leave it biank. b. Journalize. Balbea Co. Y entry for the credit memb. If an amount box does not require an entry, leave it blank: c. Journalize flalboa Co.'s entry for the payment of the invoice. If an amount box does not require an entry, leave it biank

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