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Remaining Time 1 hour, 20 minutes, 40 seconds Question completion at Moving to another questions Question 11 On Nov 11 Al Ain Coaccepts delivery of
Remaining Time 1 hour, 20 minutes, 40 seconds Question completion at Moving to another questions Question 11 On Nov 11 Al Ain Coaccepts delivery of $140.000 of merchandises purchases for resale from Dubai Corporate merchandise dated Nov 11 with terms of 2/10, 1/80, FOB shipping point. The goods cost Dub 585.000 When the goods are delovered. Anys 33.450 to Express Shipping for delivery charges on the merchandise On Nov 12. Al Ain returns $18.400 of goods to Dubai, which receives them two days later and restores to inventory. The returned goods and cont Du $9.800. On Nov 20. Al Ain malls a check to Dubal Corporation for the amount owed Dubai receives it the following day. (Bom Al Ain and Duties perpetual inventory system) a) Prepare journal entries that Al-Ain Co. records for these transactions b) Prepare journal entries that Dubai Corporation records for these transactions For the toolbar, press ALTF10 (PC) or ALT FN 10 (Mac), B IV S Paragraph Arial 10pt A I G
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