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Record the transactions on the books of Pina ColadaCo

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Question - Record the following transactions on the books of Pina ColadaCo. (Omit cost of goods sold entries.)

(a) On July 1, Pina Colada Co. sold merchandise on account to Waegelein Inc. for $17,400, terms 4/10, n/30.

(b) On July 8, Waegelein Inc. returned merchandise worth $5,100 to Pina Colada Co.

(c) On July 11, Waegelein Inc. paid for the merchandise.

Reference no: EM132748852

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