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General Journal: Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system

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General Journal:
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Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system Sept. 15 Purchased merchandise with an invoice price of $35,000 and credit terms of 2/5, 1/15. Sept. 29 Poid supplier the amount owed on the September 15 purchase. View transaction list Journal entry worksheet

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