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Prepare separate entries for each transaction

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Question - On June 10, Sandhill Company sold $10,000 of merchandise to Blue Company, FOB destination, terms 2/10, n/30. The merchandise purchased by Blue on June 10 cost Sandhill $4,800. Sandhill pays the freight costs of $420 on June 11. Both companies use a perpetual inventory system.

Prepare separate entries for each transaction for Sandhill Company for June 10 and June 11.

Reference no: EM132587437

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