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Recording purchases at net amounts. Dill Co. records purchases at net amounts and uses periodic...

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Recording purchases at net amounts. Dill Co. records purchases at net amounts and uses periodic inventories. Prepare entries for the following: June 11 Purchased merchandise on account, $9,000, terms 2/10, n/30. 15 Returned part of June 11 purchase, $500, and received credit on account. 30 Prepared the adjusting entry required for financial statements

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