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upton upton
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7 years ago
Spice Company completed the following transactions:

May 10   Prepared voucher #301 for purchase of merchandise for $4,000 from Sugar Company
   12   Returned $750 of the merchandise purchased from Sugar because of poor quality.
   Cancelled voucher #301 and replaced it with voucher #305.

Required: Prepare journal entries to record the above transactions. Assume Spice uses the gross method for recording purchases. Omit explanations. Spice uses the periodic method.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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AugustisAugustis
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7 years ago
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