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Stylon Co., a women's clothing store, purchased $21,000 of merchandise from a supplier on account, terms FOB destination, 1/10,n/30. Stylon returned merchandise with an invoice
Stylon Co., a women's clothing store, purchased $21,000 of merchandise from a supplier on account, terms FOB destination, 1/10,n/30. Stylon returned merchandise with an invoice amount of $3,200, receiving a credit memo. a. Journalize Stylon's entry to record the purchase. If an amount box does not require an entry, leave it blank. b. Journalize Stylon's entry to record the merchandise return. If an amount box does not require an entry, leave it blank
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