Prepare journal entries to record the transactions in CP7-1 assuming that a periodic inventory system is used,
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Mar 2 dr Purchases A 9600 cr Accounts Payable L 9600 April 1 dr Cash A 16100 cr Sales Revenue R ...View the full answer
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Related Book For 
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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