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Bargain Wholesalers Sells Pet Supplies to Retailers Including Pet World

Question 219

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Bargain Wholesalers sells pet supplies to retailers including Pet World Supplies. Bargain Wholesalers uses a perpetual inventory. Journalize the following transactions:?May 4Bargain Wholesalers sells inventory to Pet World Supplies for $8,250 with terms 1/10, n/30. The cost of the merchandise is $5,755.7Bargain Wholesalers sells an additional $10,985 in inventory to Pet World Supplies with terms 1/10, n/30. The cost of the merchandise is $6,925.13Bargain Wholesalers receives a check from Pet World Supplies paying the balance due on both invoices.??  Journal  Date  Description  Post.  Ref.  Debit  Credit \begin{array}{l}\text { Journal }\\\begin{array} {| l | c | c | c | c | } \hline \text { Date } & \text { Description } & \begin{array} { l } \text { Post. } \\\text { Ref. }\end{array} & \text { Debit } & \text { Credit } \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline\end{array}\end{array}

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