On March 15th, Gates Gems received merchandise they purchased on account from Jewelry Wholesalers in the amount

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On March 15th, Gates Gems received merchandise they purchased on account from Jewelry Wholesalers in the amount of $2,500. The merchandise was not what they ordered, but they agreed to keep it for a reduction in price. Jewelry Wholesalers offered them a 10% reduction. What is the journal entry to record this transaction

Posted Date: May 18, 2024 10:15 AM

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On March 15th, Gates Gems received merchandise they purchased on account from Jewelry Wholesalers in the amount

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