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1. Triple Play Company engaged in the following transactions during the month of August: August 4 Purchased $2,000 of merchandise on account, terms 1/10,n/30. 5

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1. Triple Play Company engaged in the following transactions during the month of August: August 4 Purchased $2,000 of merchandise on account, terms 1/10,n/30. 5 Returned $300 of the merchandise purchased on Aug. 4 because it was defective. 6 Purchased a machine for $4,000. Paid 20% down and signed an 8%, two-month note for the balance. 8 Purchased $800 of merchandise and paid $820, which included freight. 13 Paid the balance due on the purchase of Aug. 4. Required: Record these transactions in a general journal, assuming Triple Play uses a periodic inventory system

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