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Accounting for Sales Transactions Kate Company uses the perpetual inventory system. Record the journal entries for the following transactions: a . On July 1 6

Accounting for Sales Transactions
Kate Company uses the perpetual inventory system. Record the journal entries for the following transactions:
a. On July 16, Kate sold $3,300 of merchandise with terms of 210,n30. The cost of the merchandise was $1,980.
b. On July 19, the customer returned $550 of the merchandise from (a). The cost of the merchandise was $330.
c. On July 22, the customer paid the entire balance due to Kate.
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