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Krug company purchased merchandise inventory

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Reference no: EM13905713

On September 15, Krug Company purchased merchandise inventory from Makarov with an invoice price of $ 35,000 and credit terms of 2/10, n/30. Schneider Company paid Makarov on September 28. Prepare any required journal entry(ies) for Schneider Company ( the purchaser) on: 

(a) September 15, 

(b) September 28. Assume Krug uses the perpetual inventory method. 

Reference no: EM13905713

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