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unland Company recently made a $10200 purchase from a major supplier. Shipping costs were $180, terms FOB shipping point. To ecord this purchase, Sunland Company
unland Company recently made a $10200 purchase from a major supplier. Shipping costs were $180, terms FOB shipping point. To ecord this purchase, Sunland Company will need to debit the Cost of Goods Sold account for $10380. Merchandise Inventory account for $10380. Cost of Goods Sold account for $180. Merchandise Inventory account for $10200
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