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Journalize the textbook store october transactions

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Reference no: EM132490436

Suppose Piranha.com sells 3,500 books on account for $17 each (cost of these books is $35,7010) on October 10, 2018 to The Textbook Store. One hundred of these books cost $1,020) were damaged in shipment, so Piranha.com later received the damaged goods from The Textbook Store as sales returns on October 13, 2018.

Requirements

Question 1. Journalize The Textbook Store's October 2018 transactions.

Question 2. Journalize Piranha.com's October 2018 transactions. The company estimates sales returns at the end of each month.

Reference no: EM132490436

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