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I need help with with A, B, C, D, E, F. please send me the solutions and the answers. Thank you!! During its first year
I need help with with A, B, C, D, E, F. please send me the solutions and the answers. Thank you!!
During its first year of operations, Tron Auto Dealership (TAD) bought vehicles from a manufacturer on account at a cost of $612,000. TAD returned $156,000 of these vehicles to the manufacturer for credit on its account. TAD then sold $384,000 of the remaining vehicles at a cash selling price of $689,000. TAD's customers rarely return vehicles, so TAD records sales returns only as they occur. One customer did return a vehicle to TAD, which had been sold to the customer for $141,000. The vehicle was in perfect condition, so it was put back into TAD's inventory at TAD's cost of $80,000. Prepare journal entries to record these transactions, assuming TAD uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A B C D E F Record the purchase of vehicles from a manufacturer on account for $612,000. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general JournalStep by Step Solution
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