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A. Journalize each of the following transactions assuming a perpetual Inventory system (Purchase Transactions) Feb 1 Purchased $17,000 of merchandise inventory: terms 1/10, 1/30. 5

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A. Journalize each of the following transactions assuming a perpetual Inventory system (Purchase Transactions) Feb 1 Purchased $17,000 of merchandise inventory: terms 1/10, 1/30. 5 Purchased for cash $8,200 of merchandise inventory. 6. Purchased $22,000 of merchandise inventory: terms 2/15, n/45 9. Purchased $1,900 of office supplies: terms n/15 10. Contacted a major supplier to place an order for $200,000 of merchandise in exchange For a 30% trade discount to be shipped on April 1 FOB destination. 11. Paid for the merchandise purchased on February 1. 24. Paid for the office supplies purchased on February 9. 3

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