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* BE 5 - 1 2 Prepare the journal entries to record these transactions on Jerel Company s books us - ing a periodic inventory

*BE5-12 Prepare the journal entries to record these transactions on Jerel Companys books us- ing a periodic inventory system.
(a) On March 2, Jerel Company purchased $900,000 of merchandise from McNeal Company,
terms 2/10, n/30.
(b) On March 6, Jerel Company returned $130,000 of the merchandise purchased on March 2.(c) On March 12, Jerel Company paid the balance due to McNeal Company. nevesito esta respuesta

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