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Bridget Inc purchased inventory costing $125 000 and sold 80% of the goods for $200.000. All purchases and sales were on account. Bridgetter collected 10%

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Bridget Inc purchased inventory costing $125 000 and sold 80% of the goods for $200.000. All purchases and sales were on account. Bridgetter collected 10% of the accounts receivable 1. Journalice these transactions for Bridget, which uses the perpetual inventory system 2. For these transactions, show what Bridget will report for inventory revenues and expenses on its financial statements at the end of the month Report gross proft on the appropriate statement 1. Journalize these transactions for Brioget which uses the perpetual ventory system Joumalize the purchase of inventory (Record bis fit then credits Exclude explanations to anal entries Journal Accounts Deb Credit

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