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1. Presented here are selected transactions for Puffin Company during April. Puffin Company uses the periodic inventory system. Joumalize the April transactions for Puffin Company.

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1. Presented here are selected transactions for Puffin Company during April. Puffin Company uses the periodic inventory system. Joumalize the April transactions for Puffin Company. April 1: Sold merchandise to Mallard Company for $3,000 on terms of 4/10, n/30. The merchandise sold had a cost of $2,000. April 2: Purchased merchandise from Plover Corporation for $2,000 on terms of 2/10, n/30. April 4: Purchased merchandise from Gannet Company for $2,000 on terms of n/30. April 5: Returned inventory from Plover with a cost of $500. April 10: Received payment from Mallard Company for April 1 sale less appropriate discount April 11: Paid Plover Corporation for April 2 purchase. April 13: Paid Gannet Company for April 4 purchase

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