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Evenflow had the following transactions for October: Purchased 300 units of inventory at $8 per unit. The seller offered credit October 6: terms of

Evenflow had the following transactions for October: Purchased 300 units of inventory at $8 per unit. The seller offered credit October 6: terms of 2/10, n/30. October 8: Returned 25 defective units and received full credit. October Paid the amount in full, less the returned items. 10: Prepare journal entries to record each of the preceding transactions. Assume a perpetual inventory system.

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