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3. Review the following transactions and prepare any necessary journal entries for H&P Inc., a clothing-retail company. A) On March 2, H&P Inc. receives advance

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3. Review the following transactions and prepare any necessary journal entries for H&P Inc., a clothing-retail company. A) On March 2, H&P Inc. receives advance cash payment from a customer for 10 pairs of jeans, costing $50 each. H&P had yet to supply the jeans as of March 2. B) On May 14, H&P Inc. provides all of the jeans to the customer

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