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Question 4 View Policies Current Attempt in Progress On October 5, Metlock Company buys merchandise on account from Ivanhoe Company. The selling price of the
Question 4 View Policies Current Attempt in Progress On October 5, Metlock Company buys merchandise on account from Ivanhoe Company. The selling price of the goods is $6,330, and the cost to Ivanhoe Company is $4,030. On October 8, Metlock returns defective goods with a selling price of $750 and a scrap value of $330. Record the transactions of Metlock Company, assuming a perpetual approach. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Oct. 5 e Textbook and Media
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