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15-02-2024
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Prepare the necessary journal entries for O'Brien Jewelers to record the following transactions. October 13 Sold 100 watches at $150 each. Each watch cost O'Brien Jewelers $52 each. Terms of the deal were 2/10, n/30, FOB Shipping. October 13 FedEx shipping cost was $25. October 14 5 watches were returned. October 23 Received payment for watches sold on October 13.

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