On October 1,2020 , Jasmin's Clothing stores purchased $10,000 in clothing for resale at its...
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Accounting
On October 1,2020 , Jasmin's Clothing stores purchased $10,000 in clothing for resale at its various locations from Williams Fashion on terms 2/10,n30. The cost to Williams Fashion was $7200. On October 5, 2020, Jasmin's Clothing returned $800 to Williams Fashion for $576. On October 9, 2022, Jasmin's Clothing paid the balance due, taking advantage of the discounted terms. Create the journal entries for both Jasmin's Clothing and Williams Fashion
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