on march 1 showxase company a furniture whilesale sells merchandise to balboa co. on account...
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on march 1 showxase company a furniture whilesale sells merchandise to balboa co. on account $252,510, term n/30. the cost of the merchandise sold is $141,390. on march 5, showcase co. issues a credit memo $30,380 for merchandise returned prior to balboa co. paying the original invoice on march 29. the cost of he merchandise returned is $18,740.
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