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Concord Corporation sells one product, with information for July as follows: Concord uses the FIFO...

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Accounting

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Concord Corporation sells one product, with information for July as follows: Concord uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales Assume Concord uses a perpetual system. Prepare all July journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented.in the problem.)

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