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A company has the following transactions during March: March 3 Purchases Inventory on account for $3,1ee, teras 2/10, 1/30. March 5 Pays freight costs of
A company has the following transactions during March: March 3 Purchases Inventory on account for $3,1ee, teras 2/10, 1/30. March 5 Pays freight costs of $27e on inventory purchased on March 3. March 6 Returns Inventory with a cost of Stee. 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 $s, see 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 transmeton ict Journal entry worksheet 1 2 5 & > Record the purchase of inventory on count for $2.100. terms 20, 30, Qantaournal Date Mitro Do. Credit co y
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