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Assignments Question #17 Ramirez Company uses the gross method and a perpetual inventory system. Assuming...

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Assignments Question #17 Ramirez Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Ramirez Company received on October 11 October 1 Sold goods costing $8,400 to James Company on account, $14,000, terms 2/10, n/30. The goods are shipped FOB October 7 James Company returned undamaged merchandise previously purchased on account, $2,600. Shipping Point, Freight Prepaid by Seller, $50. October 11 Received the amount due from James Company. Amount due from James Company on October 11 ClearUndo Next >> I don't know

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