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Record the following transactions on the books of RAS Co. (a) On July 1, RAS Co. sold merchandise on account to Waegelein Inc. for $17,

Record the following transactions on the books of RAS Co. (a) On July 1, RAS Co. sold merchandise on account to Waegelein Inc. for $17, 800, terms 2/10, n/30. (b) On July 8, Waegelein Inc. returned merchandise worth $4, 100 to RAS Co. (c) On July 11, Waegelein Inc. paid for the merchandise

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