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EX 6-5 purchase-related transaction OBJ 2 The debits and credits from four related transactions are presented in the following T accounts. Describe each transaction. ..............
EX 6-5 purchase-related transaction OBJ 2 The debits and credits from four related transactions are presented in the following T accounts. Describe each transaction.
.............. Cash
... | (2) 300 |
......... | (4) 16,660 |
Accounts Payable
(3)3,920 | (1)20,580 |
(4)16,660 |
Merchandise inventory
(1)20,580 | (3)3,920 |
(2)300 |
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