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1. Lenny Toralba, a businesswoman, buys imported goods from Hong Kong, at least six times a year. She sells on wholesale basis, on account, with

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1. Lenny Toralba, a businesswoman, buys imported goods from Hong Kong, at least six times a year. She sells on wholesale basis, on account, with terms of 2/10, n/30 to five leading department stores. She does not rent a store space. What journals would you advise her to use? 2. Marisol Perez, a pharmacist, opened a drugstore in Cubao. She sells only on cash basis but buys on account from leading laboratories. She would like you to advise her on the need to use special journals and ledgers

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