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1 On 5 December 2021, J Mart bought merchandise on account from Jerai Ria. The selling price of the goods was RM15,000, and the cost
1 On 5 December 2021, J Mart bought merchandise on account from Jerai Ria. The selling price of the goods was RM15,000, and the cost to Jerai Ria was RM8,000. On 8 December 2022, J Mart returned defective goods with a selling price of RM2,000, and the cost was RM300. REQUIRED: Record the transactions for Jerai Ria under the perpetual inventory system
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Management Accounting A Decision Emphasis
Authors: Don T. DeCoster, Eldon L. Schafer, Mary T. Ziebell
4th Edition
0471637130, 978-0471637134
