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Record these transactions and Eddie cash payment

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Question - Eddie's Bicycle Shop paid the balance due on March 21. Both Eddie's Bicycle Shop and Schwinn Company use a perpetual inventory system.

Schwinn ?Company's cost of the bicycles sold to Eddie's Bicycle Shop was ?$1,280. Schwinn ?Company's cost of the returned merchandise was ?$256.

Requirement - Record these transactions and Eddie's cash payment on March 21 in the books of Eddie's Bicycle Shop.

Reference no: EM133037910

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