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Sapata Company received a return of merchandise, from a customer, that had a sale price of $ 4 0 and an inventory cost of $
Sapata Company received a return of merchandise, from a customer, that had a sale price of $ and an inventory cost
of $ When the sale was made, there were not discounts offered. The Journal Entries to record the return under
perpetual system is:Mattel purchased Barbie dolls from England's Barbies R Us to resemble the Duchess Kate Middleton. The contract terms stated that the shipping terms would be FOB Shipping Point. On May England's Barbies R Us will place the dolls on a shi to the United States. When the dolls are placed on the ship, who is the owner?
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