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Exercise 6-37 (Algorithmic) Recording Purchases Dawson Enterprises uses the perpetual system to record inventory transactions. In a recent month, Dawson engaged in the following transactions:
Exercise 6-37 (Algorithmic) Recording Purchases Dawson Enterprises uses the perpetual system to record inventory transactions. In a recent month, Dawson engaged in the following transactions: a. On April 1, Dawson purchased merchandise on credit for $21,900 with terms 2/10, n/30. b. On April 2, Dawson purchased merchandise on credit for $23,200 on terms 3/15, n/25. c. On April 9, Dawson paid for the purchase made on April 1. d. On April 25, Dawson paid for the merchandise purchased on April 2. Hide Apr. 1 C (Purchased inventory on credit) (Purchased inventory on credit) (Paid within the discount period) TITETET (Paid outside the discount period)
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