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Transactions for Buyer and Sele Wilmington Co. sold merchandise to Rather Co. on account, $5.850, terma 2/15, n/30. The cost of merchandise is $3,530.

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Transactions for Buyer and Sele Wilmington Co. sold merchandise to Rather Co. on account, $5.850, terma 2/15, n/30. The cost of merchandise is $3,530. Assume alcu Journalize Wilmington Co.'s entries for (a) the sale on account and (3) the collection of the amount o (+) sets Receivelde: Bather Ch (b) Can Accounts Receivable-Rather Co 0 0 0 100 note who the buyer is and who the seller is. The payment is less returns and discounts, and decounts are nertaken on returns. If applicatie, determine whether the buyer or seller is to pay any heigh Journalize Rather Co.'s entries for (a) the purchase of merchandise on account and (b) the payment of the amount our. Accounts Payable Wrnington Co (t) counts Payable-Wilmington Ca Check My Work 10 0 0 0 Previous

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