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Question 1 [8 points] Calculate the missing amounts: Question 2 [20 points] Given the following, prepare the entries that both the purchaser and seller should

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Question 1 [8 points] Calculate the missing amounts: Question 2 [20 points] Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assu a. January 6: Gulf Corp.'s merchandise was sold to Ludwig Inc. for $3,400 under credit terms of 2/10, n/60, FOB Question 1 [8 points] Calculate the missing amounts: Question 2 [20 points] Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assu a. January 6: Gulf Corp.'s merchandise was sold to Ludwig Inc. for $3,400 under credit terms of 2/10, n/60, FOB

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