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Instructions Dawson Enterprises uses the perpetual system to record inventory transactions. In a recent month, Dawson engaged in the following transactions: April Transactions: Apr. 1
Instructions Dawson Enterprises uses the perpetual system to record inventory transactions. In a recent month, Dawson engaged in the following transactions: April Transactions: Apr. 1 Dawson purchased merchandise on credit for $24.900 with terms 2/10, n/30. 9 Dawson purchased merchandise on credit for $30.300 with terms 3/15, n/25. Dawson paid for the purchase made on April 1. Dawson paid for the merchandise purchased on April 2 25 Required: Prepare journal entries for these four transactions. Prepare the journal entries for the transactions on April General Journal Instructions PAGE 1 GENERAL JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME STATEMENT DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME 1 5 G 1 B
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