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Prepare Journal Entries should make to record transactions

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Question - On March 1st Carlco purchased $100,000 of merchandise on account from Smith Co with terms 3/10 N/30, FOB Shipping Point. Carlco arranged with Fred's Trucking to pick up the goods on March 2nd for $425 on account. Fred delivered the goods to on March 4th. Prepare the Journal Entries should make to record these transactions.

Reference no: EM132515511

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