Roller Blade Company uses the perpetual inventory system and had the following transactions during October:...
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Accounting
Roller Blade Company uses the perpetual inventory system and had the following transactions during October: October 6: Purchased $4,000 of inventory. The seller's credit terms are 2/10, n/30.
October 8: Returned $200 worth of defective units and received full credit.
October 15: Paid the amount due, less the returned items. Prepare journal entries to record each of the preceding transactions.
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