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shipping point, Lake estimated that goods with a sales value of $ 1 , 0 0 0 ) cost $ 6 0 0 ) will

shipping point, Lake estimated that goods with a sales value of $1,000) cost $600) will be returned. Lale: Loke issued a credit mi a
Required: Prepare journal entries for Lake Company to record all the events noted above.
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A. On July 2:
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