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A company had the following transactions during January: Jan. 2 Purchased merchandise, invoice price of $16,000, with terms 2/10, n/30. Received a credit memorandum for
A company had the following transactions during January: Jan. 2 Purchased merchandise, invoice price of $16,000, with terms 2/10, n/30. Received a credit memorandum for $4,000, the invoice price on merchandise 14 returned from the purchase of January 2. 12 Purchased merchandise, invoice price of $15,000, with terms 3/15, n/30. 26 Paid for the merchandise purchased on January 12. 30 Paid for the merchandise purchased on January 2. Using the net method of recording purchases, prepare the journal entries to record these January transactions. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). s Paragraph Arial 10pt lii
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