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1. Goods are sold on credit to a Warehouse customer at a selling price of $15,000 and a cost price of $7,000. 2. The Warehouse

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1. Goods are sold on credit to a Warehouse customer at a selling price of $15,000 and a cost price of $7,000. 2. The Warehouse customer returned goods they purchased for $1,000 and cost JB Games $500 as they had made an ordering error Required: Drop and drag to complete the journal entries for these transactions applying the perpetual inventory method. Particulars Debit Credit Bank Accounts Receivable $1,000 Accounts Payable Sales 0+ $35,000 $15,000 Cost of Goods Sold no entry $7.000 Sales Returns $500 Inventory

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