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V Journalize the following transactions for Patterson Company using the gross method of accounting for sales discounts. Assume a wpetual inventory_system. Also, assume a constant
V Journalize the following transactions for Patterson Company using the gross method of accounting for sales discounts. Assume a wpetual inventory_system. Also, assume a constant gross prot ratio for all items sold. Make sure to enter the day for each separate transaction. July 9 Sold goods costing $3,600 to Miller Company on account, $6,000, terms 5/10, n/30. July 15 Miller Company was granted an allowance of $840 for returned merchandise that was previously purchased on account. The returned goods are damaged and have no scrap value. July 19 Received the amount due from Miller Company. Date Account Title Debit Credit
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