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A company has the following transactions during March: 1 March 3 Purchases inventory on account for $3,400, terms 2/10, n/30. March 5 Pays freight costs

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A company has the following transactions during March: 1 March 3 Purchases inventory on account for $3,400, terms 2/10, n/30. March 5 Pays freight costs of $290 on inventory purchased on March 3. March 6 Returns inventory with a cost of $700. March 12 Pays the full amount due on March 3 purchase. March 29 Sells all inventory purchased on March 3 (less those returned on March 6) for $5,600 on account. 58:43 Record all transactions, assuming the company uses a perpetual inventory system. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) ht View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the purchase of Inventory on account for $3,400, terms 2/10, 1/30. Note: Enter debits before credits General Journal Date March 03 Debit Credit Journal entry worksheet 1 2 3 5 6 Record the payment of freight costs of $290 on inventory purchased on March 3. Note: Enter debits before credits. Date General Journal Debi Credit March 05 View transaction list Journal entry worksheet

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