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101 company uses a perpetual inventory system; during June, the following transactions and events took...

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101 company uses a perpetual inventory system; during June, the following transactions and events took place. June 10: Sold 12 phones at 500$ each, terms 5/10, n/30, each phone costs 250$ June 15: 2 defective phones were returned June 20: record payment in full from the buyer Record all the transactions that happened in June

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