On October 5, Lane Company buys merchandise on account from OBrien Company. The selling price of the
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October 8, Lane returns defective goods with a selling price of $700 and a scrap value of $250. Record the transactions on the books of Lane Company.
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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