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Prepare separate entries for transaction on books of maw co

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Point : On June 10, Maw Co. purchased $6000 of merchandise from Lima Co, terms 3/10, n/30. Maw pays the freight costs of $400 on June 11. Damaged goods totaling $500 are returned to Lima for credit on June 12. On June 19, Maw pays Lima in full, less the purchase discount.

Question 1: Prepare separate entries for each transaction on the books of Maw Co.

Reference no: EM132495628

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