=+EX 6-19 Purchase-related transactions obj. 3 Chapter 6 Accounting for Merchandising Businesses 295 The debits and credits
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=+EX 6-19 Purchase-related transactions obj. 3 Chapter 6 Accounting for Merchandising Businesses 295 The debits and credits from four related transactions are presented in the following T accounts. Describe each transaction.
Cash Accounts Payable
(2) 250 (3) 500 (1) 8,000
(4) 7,350 (4) 7,500 Merchandise Inventory
(1) 8,000 (3) 500
(2) 250 (4) 150 EX 6-20 Purchase-related transactions obj. 3
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