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A company has the following transoctions during March: March 3 Purchases inventery on account for 53,300 , terms 3/20,n/30. March 5 Pays freight costs of

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A company has the following transoctions during March: March 3 Purchases inventery on account for 53,300 , terms 3/20,n/30. March 5 Pays freight costs of $280 on inventory purchased on March-3. March 6 Returns inventory with a cost of $40. March 12 Pays the full anount due on March 3 purchase. March 29 Setts att inventory purchased on March 3 (Less those returned on March 6) for $5,400 on account. Rocord all transactions, assuming the company uses a perpetual imventory system. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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