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Question 9 --15 View Policies Current Attempt in Progress Information related to Bramble Corp. is presented below. 1. On April 5, purchased merchandise on account
Question 9 --15 View Policies Current Attempt in Progress Information related to Bramble Corp. is presented below. 1. On April 5, purchased merchandise on account from Flounder Company for $45,000, terms 4/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $910 on merchandise purchased from Flounder. 3. On April 7, purchased equipment on account for $30,100. 4. On April 8, returned damaged merchandise to Flounder Company and was granted a $4,700 credit for returned merchandise. 5. On April 15, paid the amount due to Flounder Company in full. Prepare the journal entries to record these transactions on the books of Bramble Corp. under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. 5
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