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Business, 24.03.2021 21:50 frankly106

Journalize the following transactions for the buyer, Cox Company, using the gross method to account for purchase discounts. Assume a perpetual inventory system. July 2 Purchased merchandise from Stewart Company on account, $13,000, terms 2/10, n/30.
The goods are shipped FOB shipping point, freight prepaid by seller, $180.
July 8 Returned to Stewart Company merchandise previously purchased on account, $1,000.
July 12 Paid the amount due to Stewart Company.

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Journalize the following transactions for the buyer, Cox Company, using the gross method to account...

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