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Information related to Al - Omar Supermarket is presented below during the month of October. Oct. 7 Returned bicycles for $ 4 0 0 to

Information related to Al-Omar Supermarket is presented below during the month of October.
Oct. 7Returned bicycles for $400 to Mann Bicycle Company, previously purchased on account.
15 Paid cash the amount due to Mann Bicycle Company for $2600, previously purchased on account.
Instructions: Prepare the journal entries to record the transactions, assuming the company uses a Periodic Inventory system.

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