Brief Exercise 5-04a-t Prepare the journal entries to record the following transactions on Ivanhoe Company's...
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Brief Exercise 5-04a-t Prepare the journal entries to record the following transactions on Ivanhoe Company's books using a perpetual inventory system On Harch 2, Ivanhoe Company sold $821,000 of merchandise an account to Bridgeport Company, terms 2/10, n/30. The cost of the merchandise sold was $603,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit (To record oeit sale) To record cost of merchandise sold) On March 6, Bridgepot Company returned $82,100 of the tmerchandise purchased on March 2. The cost of the returned merchandise was $61,300 (Credit account tit'es are automaticalily indened when amount is entered. Do not indent manually.J Account Tities and Explanation
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