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Suppose Sports-R-Us purchases $55,000 of sportswear on account from Northeast Trail, ine.. on December 1,...

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Suppose Sports-R-Us purchases $55,000 of sportswear on account from Northeast Trail, ine.. on December 1, 2018. Credit terms are 1/10, net 45 Sports-R-Us pays Northeast Trail Inc. on December 1. Journalize the transactions for Sports-R-Us on December 1, 2018, and December 8, 2018, assuming the "ner method is used 2. What was the final cost of this inventory for Sports-R-Us? 2018 1. Journalize the transactions for Sports-R-Us on December 1, 2018, and December 8, 2018, assuming the ner" method is used Record debits first, then credits. Exclude explanations from anyjournal entries) December 1: Purchases $55.000 of sportswear on account Journal Entry Accounts Date Dec Debit Credit 1 Inventory December 8: Pald Northeast Trading Journal Entry Accounts 2. What was the Swoost of this inventory for Sports-R-Us? The final cost of the inventory for sports-R-Us was Choose from any list or enterary number in the input fields and then continue to the next

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