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a) May 1 Purchased merchandise for $ 6.000 in cash, FOB Shipping Point. Paid $750 for transportation. Required: Journalize the transaction. b) May 7 Purchased

a) May 1 Purchased merchandise for $ 6.000 in cash, FOB Shipping Point. Paid $750 for transportation. Required: Journalize the transaction.

b) May 7 Purchased merchandise for $3.000. FOB Destination.

Required: Journalize the transaction.

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