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help please (49) A company has the following transactions during March: March 3 Purchases inventory on account for $3,600, terns 2/10,n/30. Morch 5 Pays freight
help please (49)
A company has the following transactions during March: March 3 Purchases inventory on account for $3,600, terns 2/10,n/30. Morch 5 Pays freight casts of $260 on inventory purchased on Harch 3. March 6 Returns inventary with o cost of $500. March 12 Pays the full arount due on March 3 purchase. March 29 Sells al1 inventory purchased on March 3 (1ess those ceturned on March 6) for $5,400 on account. Record all transactions, assuming the company uses a perpetual inventory system. (If no entry is required for a particulor transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the purchase of inventory on account for $3,600, terms 2/10,n/30. Note: Enter debits before credits Step by Step Solution
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