Given the following prepare the entries that both the

Reference no: EM13607779

Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies use a perpetual inventory system.a.March 7: Treadwell sold merchandise that cost $630 to Travic Parts for $700 under credit terms of 2/30, n/60, FOB shipping point.

Reference no: EM13607779

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