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The following facts apply for Caitlin Clark Co . On March 1 8 , 2 0 2 4 , purchased goods for $ 3 5

The following facts apply for Caitlin Clark Co.
On March 18,2024, purchased goods for $35,000 from Sue Bird Co., on account, terms 2/10, n/30.
On March 24,2024, Caitlin Co. paid for all the goods in cash.
On April 2,2024, Caitlin Co. sold all those goods for $51,000 to Candace Parker Inc. on account, terms
3/10, n/30.
On April 17,2024, Candace Parker pays Caitlin Co. in full for the goods
Caitlin Co. uses the net method of accounting for cash discounts, both for purchases and sales.
Caitlin Co. uses the perpetual method of inventory.
a. Make all journal entries for Caitlin Clark Co. only
b. For each entry, report the effects on total assets, liabilities, equity, revenues, expenses, and net
income. Also report the TOTAL effects of all entries. Report both direction and amount.

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