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During the months of January and February, Axe Corporation purchased goods from three suppliers. The...

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Accounting

During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as follows:

Jan. 6 Purchased goods for $1,300 from Green with terms 3/10, n/30.
6 Purchased goods from Munoz for $1,000 with terms 3/10, n/30.
14 Paid Green in full.
Feb. 2 Paid Munoz in full.
28 Purchased goods for $400 from Reynolds with terms 3/10, n/45.

Required:

Prepare journal entries to record the transactions, assuming Axe uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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