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Al-khamis Shoes was involved in the transactions described below. Required : Prepare the appropriate journal entry for each transaction. If an entry is not required,
Al-khamis Shoes was involved in the transactions described below. Required: Prepare the appropriate journal entry for each transaction. If an entry is not required, state "No Entry." 1. Purchased OR 9,200 of inventory on account. 2. Paid monthly salaries, OR 1,200. 3. Recorded OR13,900 sales for the first month: Cash: OR8,100; On account: OR5,800. 4. Paid for inventory purchased in event (1). 5. Placed an order for OR 6,600 of inventory.
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