Question: Your answer is partially correct. Prepare the journal entries to record the following transactions on Wildhorse Company's books under a perpetual inventory system. (If no
Your answer is partially correct. Prepare the journal entries to record the following transactions on Wildhorse Company's books under a perpetual inventory system. (If no entry is required, select "No Entry" for the occount titles and enter of for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the probiem List all debit entries before credit entries. (a) On March 2, Windsor Company sold $854,200 of merchandise to Widhorse Company on account, terms 2/10, n/30. The cost of the merchandise sold was $517,800. (b) On March 6, Wildhorse Company returned $109,800 of the merchandise purchased on March 2. The cost of the merchandise returned was $66,800. (c) On March 12. Windsor Company received the balance due from Wildhorse Company
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