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A company has the following transactions during March: March 3 Purchases inventory on account for $3,200, terms 2/10, 1/30 March 5 Pays freight costs of

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A company has the following transactions during March: March 3 Purchases inventory on account for $3,200, terms 2/10, 1/30 March 5 Pays freight costs of $210 on inventory purchased on March 3 March 6 Returns inventory with a cost of $600, 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 $5.900 on account Record all transactions, assuming the company uses a perpetual Inventory system. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Purchases inventory on account for $3,200, terms 2/10, 1/30. Nota: Enter debts before credits General Journal Debit Credit Date March 03 Record entry Clear entry View general Journal IVOU. 2 Pays freight costs of $210 on inventory purchased on March 3. 3 Returns inventory with a cost of $600. 4 Pays the full amount due on March 3 purchase. Credit 5 Sells all inventory purchased on March 3 (le wthose returned on March 6) for $5,900 on account. Record the sale of inventory on account. 6 Sells all inventory purchased on March 3 (less those returned on March 6) for $5,900 on account. Record cost of inventory sold. Note journal entry has been entered Record entry Clear entry View general journal

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