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Journalize balboa co entry for the purchase

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Reference no: EM132426676

Question - Purchase-Related Transactions

Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $21,500, terms n/30. The cost of the merchandise sold is $12,900. Showcase Co. issues a credit memo for $3,900 for merchandise returned prior to Balboa Co. paying the original invoice. The cost of the merchandise returned is $2,300.

Journalize Balboa Co.'s entry for the purchase.

Reference no: EM132426676

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