Question: 43. Based on the information below, journalize the entries for the Seller and the Buyer. Both use a perpetual inventory system. (10 points) Seller sells

43. Based on the information below, journalize the entries for the

43. Based on the information below, journalize the entries for the Seller and the Buyer. Both use a perpetual inventory system. (10 points) Seller sells Buyer on account merchandise costing $350 for $780, terms 2/10, net 30, FOB destination. The freight charge is $55. Buyer returns as defective $200 worth of the $780 merchandise received. The seller's cost is $80. Buyer pays within the discount period. a. b. c

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