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Business, 04.11.2019 21:31 anaruiz00

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 merchandise is $600 and the cost of the merchandise returned is $350. babson pays the invoice on march 20, and takes the appropriate discount. the journal entry that klein makes on march 20 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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