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A company has the following transactions during March: 3 Purchases inventory on account for $3,600, terms 2/10, n/30 5 Pays freight costs of $230 on
A company has the following transactions during March: 3 Purchases inventory on account for $3,600, terms 2/10, n/30 5 Pays freight costs of $230 on inventory purchased on March 3. 6 Returns inventory with a cost of $700. March March March 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 $5,000 on account. 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the purchase of inventory on account for $3,600, terms 2/10, n/30. Note: Enter debits before credits. Date General Journal Debit Credit March 03 Record entry Clear entry View general journal
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