Question: Problem 2 (2 points) Prepare entries for the following transactions occurred in Dill Company: March 11 Purchased merchandises on account, $9,000, terms 2/10, n/30

Problem 2 (2 points) Prepare entries for the following transactions occurred in

Problem 2 (2 points) Prepare entries for the following transactions occurred in Dill Company: March 11 Purchased merchandises on account, $9,000, terms 2/10, n/30 from Tim Company. 15 Returned part of March 11 purchase, $500, and received credit on account. 30 Paid for Tim Company by cash.

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