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Bramble Ltd. had beginning inventory of 54 units that cost $105 each. During September, the company purchased 204 units on account at $105 each, returned
Bramble Ltd. had beginning inventory of 54 units that cost $105 each. During September, the company purchased 204 units on account at $105 each, returned 9 units for credit, and sold 151 units at $202 each on account. (a) Journalize the September transactions, assuming that Bramble Ltd. uses a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record purchase on account) (To record purchase return) (To record purchase return) (To record sales on account) (To record cost of goods sold)
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