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dse Question 6 (10 points) On November 8, Russell Enterprises purchased $74,000 of merchandise subject to credit terms of 1/15, n/30. On November 15, it
dse Question 6 (10 points) On November 8, Russell Enterprises purchased $74,000 of merchandise subject to credit terms of 1/15, n/30. On November 15, it returned $4,600 of merchandise to the vendor. The invoice was paid on November 20. Instructions: Journalize these transactions using the periodic inventory system and the gross method. Journal entry format: Input journal entries using the sample format shown below. Omit all journal entry descriptions. Do not compose complete sentences. Jan. 1, debit Cash $100, credit Common Stock $100. Paragraph U , 11 ou + ... 52 MacBook Pro - # 3 $ 4 % 5 . 6 & 7 00* 8 9 O E R T Y Y U 1 o D F G I J K K I C V B N .
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