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Journalise the following transactions using Perpetual Inventory system in the books of APD Ltd. May 1, purchased 600 units of merchandise at $15 per unit

Journalise the following transactions using Perpetual Inventory system in the books of APD Ltd.

May 1, purchased 600 units of merchandise at $15 per unit price on credit.

May 8, sold 200 units of merchandise at $20 per unit price on credit

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