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Jar Corp. uses the perpetual recording system. On March 5th, Jar purchased 8 units of inventory for $5 cash per unit. On March 20th, Jar

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Jar Corp. uses the perpetual recording system. On March 5th, Jar purchased 8 units of inventory for $5 cash per unit. On March 20th, Jar sold 3 of these units for $12 cash per unit. Give the journal entries for these transactions

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