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prepare journal entries to record each of the following transactions of a merchandising company. the...

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Accounting

prepare journal entries to record each of the following transactions of a merchandising company. the company uses a perpetual inventory system and the gross method
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Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Noverber 5 Purchased 950 units of product at a cost of $12 per unit. Terns of the sale are 5/10, a/60; the involce is dated Novenber 5. Navester? Returned te defective units froe the lioveeber 5 purchase and received full credit. Hovenber is fasd the asount due froe the Hovenber 5 purchase, minus the return on Novesber 7. Journal entry worksheet Purchased 950 units of product at a cost of $12 per unit. Terms of the sale are 5/10,n/60; the invoice is dated November 5 . Note: Enter debits before credits. Journal entry worksheet Returned 40 defective units from the November 5 purchase and received full credit Notes Enter debits before credits. Journal entry worksheet Paid the amount due from the November 5 purchase, minus the return on November 7. Note: Enter debits before credits

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