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Grimm Brothers Supply uses a periodic Inventory system. During May, the following transactions and events occurred. May Purchased 10 motors at a cost of $42

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Grimm Brothers Supply uses a periodic Inventory system. During May, the following transactions and events occurred. May Purchased 10 motors at a cost of $42 each from Thompson Company, terms 4/10, 1/30. The motors cost Thompson Company $25 each Returned 1 defective motor to Thompson 13 May 16 May 23 Paid Thompson Company in full Journalize the May transactions for Grimm Brothers. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Recordjoumal entries in the order presented in the problem. Round answers to decimal places, eg. 5,275) Account Titles and Explanation Debit Credit Date

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