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The following transactions occurred in April and May. Both companies use a periodic inventory system. Apr. 5 Sunland Company purchased merchandise from Carla Vista Company
The following transactions occurred in April and May. Both companies use a periodic inventory system.
Apr. Sunland Company purchased merchandise from Carla Vista Company for $ terms n FOB shipping point.
Carla Vista had paid $ for the merchandise.
The correct company paid freight costs of $
Sunland Company returned damaged merchandise to Carla Vista Company and was given a purchase allowance of
$ Carla Vista determined the merchandise could not be repaired and sent it to the recyclers. The merchandise had
cost Carla Vista $
May Sunland paid the amount due to Carla Vista Company in full.
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