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Debbie Mueller owns a small retail business called Debbies Doll House. The cash account has a balance of $20,000 on July 1. The following transactions
Debbie Mueller owns a small retail business called Debbies Doll House. The cash account has a balance of $20,000 on July 1. The following transactions occurred during July: July Transactions: July 1 Issued Check No. 314 for July rent, $1,400. 1 Purchased merchandise on account from Toppers Toys, Invoice No. 211, $2,500, terms 2/10, n/30. 3 Purchased merchandise on account from Jones & Company, Invoice No. 812, $2,800, terms 1/10, n/30. 5 Returned merchandise purchased from Toppers Toys receiving a credit memo on the amount owed, $400. 8 Purchased merchandise on account from Downtown Merchants, Invoice No. 159, $1,600, terms 2/10, n/30. 11 Issued Check No. 315 to Toppers Toys for merchandise purchased on account, less return of July 5 and less 2% dis
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