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Record the transactions for verbatim company

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Problem 1: Record the following transactions for Verbatim Company.

  1. On August 4, Verbatim sold merchandise on account to Reedy Company for $450, terms 2/10, n/30.
  2. On August 7, Verbatim granted Reedy a sales allowance and reduced the cost of the merchandise by $50 because some of the goods were slightly damaged.
  3. On August 12, Reedy paid the account in full.

Reference no: EM132737528

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