Refer to the business situation in Exercise 5-22. Journalize the transactions of Northern Gems Ltd., which uses
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In Exercise 5-22
On April 30, 2014, Comox Jewellers purchased inventory of $45,000 on account from Northern Gems Ltd., a jewellery importer. Terms were 2/15, net 45. On receiving the goods, Comox checked the order and found $5,500 of unsuitable merchandise. Therefore, Comox returned the merchandise to Northern on May 4, 2014.
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Related Book For 
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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