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Question 33 3.33 pts Curtis Corporation and Appoline Company engaged in the following merchandise transaction during the month of September September Curtis purchased merchandise from

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Question 33 3.33 pts Curtis Corporation and Appoline Company engaged in the following merchandise transaction during the month of September September Curtis purchased merchandise from Appoline for $6,500 under the following terms: 2/15.6/45, FOB shipping point. The cost of the merchandise to Appoline was $4.225. 5 September The company that paid for shipping paid Allied Trucking 12 Corporation $364 for shipping charges on the September 5 purchase. The terms were FOB shipping point as stated above. September Curtis returned unacceptable merchandise from the 15 September 5 purchase to Appoline for credit on account. The returned mefchandise had an invoice price of $800 and a cost to Appoline of $520 September Curtis discovers some merchandise has minor damage but 17 decides to keep it because Appoline offers a $750 price reduction September Curtis sent a check to Appoline for the balance due on the September 5 purchase 19 Curtis Corporation, who is the buyer uses a periodic inventory system. What journal entry would Curtis record on September 15th taking into consideration all prior transactions? Curtis Corporation, who is the buyer uses a periodic inventory system. What journal entry would Curtis record on September 15 taking into consideration all prior transactions? 800 a. Accounts Payable Purchase Returns and Allowances 800 bAccounts Payable 520 Merchandise Inventory 520 c. Sales Returns and Allowances 800 800 Accounts Receivable Merchandise Inventory 520 520 Cost of Goods Sold 800 d Accounts Payable Merchandise Inventory 800 800 e Sales Returns and Allowances 800 Accounts Receivaple d. e. Qa b 323

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