Business, 27.03.2020 00:02 maddieberridgeowud2s
On October 14, the Patrick Company sold merchandise with an invoice price of $1,200 ($750 cost), with terms of 2/10, n/30, to the Baxter Company. On October 18, $300 of merchandise ($150 cost) was returned because it was the wrong size. On October 24, the Patrick Company received a check for the amount due from the Baxter Company. Required: Prepare the journal entries made by the Patrick Company using perpetual inventory system.
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On October 14, the Patrick Company sold merchandise with an invoice price of $1,200 ($750 cost), wit...
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