Journalize the following transactions for the Jamin Jimmys music store. a. Purchased $8,900 of merchandise on account,

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Journalize the following transactions for the Jamin Jimmy’s music store.
a. Purchased $8,900 of merchandise on account, terms 3/15, n/30, FOB shipping point.
b. Paid $180 to the freight company for the delivery of the merchandise purchased.
c. Paid for the inventory purchased in part a within the discount period.

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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