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2. Maeve's Store had the following transactions during December, the last month of the accounting period: Dec. 1 Sold merchandise on credit for $7,000, cost

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2. Maeve's Store had the following transactions during December, the last month of the accounting period: Dec. 1 Sold merchandise on credit for $7,000, cost $3,000 terms 1/10, n/30. 4 Purchased merchandise on credit for $5,600, terms 2/10, 1/30. Issued a credit memorandum for $600 to a customer who returned merchandise purchased November 29, cost $400. Merchandise was put back into inventory. 11 Received payment for merchandise sold December 1. 15 Received a credit memorandum for $600 for the return of faulty merchandise purchased on December 4. 18 Paid freight charges of $50 for merchandise ordered last month. 23 Paid for the merchandise purchased December 4 less merchandise returned. 24 Sold merchandise on credit for $9,000, terms 1/3 n/15, cost $6,500. 31 Received payment for merchandise sold on December 24. Prepare general journal entries to record these transactions, using a perpetual inventory system

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