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Business, 06.07.2021 15:20 NickCamryn5472
On March 12, Klein Company, Inc. sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system. On March 15, Babson returns some of the merchandise. The selling price of the returned merchandise is $600 and the cost of the merchandise returned is $350. The entry or entries that Klein must make on March 15 is:
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On March 12, Klein Company, Inc. sold merchandise in the amount of $7,800 to Babson Company, with cr...
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