Question

By the River Spas, Inc., purchased $10,900 worth of inventory from the Pool Doctor on account, terms of 1/10, n/30. Some of the goods are damaged in shipment, so By the River Spas, Inc., returns $2,200 of the merchandise to the Pool Doctor.
Journalize the following transactions for By the River Spas, Inc. Explanations are not required.
a. Purchase of the goods
b. Return of the damaged goods
c. Payment for the goods within the discount period



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  • CreatedApril 29, 2014
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