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Versailles co a womens clothing store purchased 18000 of

1. Versailles Co., a women's clothing store, purchased $18,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Versailles Co. returned $3,000 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. Journalize Versailles Co.'s entries to record

(a) The purchase,

(b) The merchandise return, and

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Accounting Basics: Versailles co a womens clothing store purchased 18000 of

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Accounting Basics: Versailles co a womens clothing store purchased 18000 of

Reference No:- TGS01507159

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