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explain step by step ses of Merchandise Summary of Purchasing Transactions E5-2 Merchandise Inventory Debit Credit 5th - Purchase 6th - Freight-in $25,000 900 $4,000

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ses of Merchandise Summary of Purchasing Transactions E5-2 Merchandise Inventory Debit Credit 5th - Purchase 6th - Freight-in $25,000 900 $4,000 420 8th - Return 15th - Discount Balance $21,480 Chapter 523 LO 2 Explain the recording of purchases under a perpetual inventory system

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