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Exercise $3-7$A $($Algo$)$ Effect of purchase returns and allowances and freight costs on the financial statements: Perpetual system LO $3-2,3-3,3-4$

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The beginning account balances for Terry's Auto Shop as of January $1,$ Year $2,$ follow:

$\backslash$table$[[$Account Titles,Beginning Balances$],[$Cash$,$$$6,070$