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A company buys and sells inventory. It uses the perpetual inventory system. On May 2, the company sold inventory for $500 in cash. The inventory

A company buys and sells inventory. It uses the perpetual inventory system. On May 2, the company sold inventory for $500 in cash. The inventory had a cost of $100.

Required: In the company's general journal below, record this transaction. Do not include decimals or cents in the numerical response.

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