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Question 3 Jan 1: Solar Inc nold $5,000 of Merchandise Inventory on credit 3/15, 160 to Tesla ino. The cost of merchandise sold is $3,000

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Question 3 Jan 1: Solar Inc nold $5,000 of Merchandise Inventory on credit 3/15, 160 to Tesla ino. The cost of merchandise sold is $3,000 Jan 10: Telsa retum $1,000 of selective Marchandise purchased on Jan 1 back to Solar. The cost of returned Inventory is 5600 Jan 12: Tesla noted that $500 merchandise purchased on Jan 1 were slightly defective Tolsa agreed to keep it as Soler offerred $100 price reduction Jan 15 Telsa send a payment to Solar for the purchase on Jan 1 hintYou need to determin how much is the final payment amount? (after retum, after allowance, and still within discount period or not?) Prepare the Journal Entries and post to Ledger all of the above transactions Solar Inc Tesla Inc Date Account Title Debit Credit Date Account Tide Debt Credit

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