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Journalize each of the following transactions assuming a perpetual inventory system. Aug. 2 Purchased $14,000 of merchandise inventory; terms 1/5, n/15. 4 Received a credit

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Journalize each of the following transactions assuming a perpetual inventory system. Aug. 2 Purchased $14,000 of merchandise inventory; terms 1/5, n/15. 4 Received a credit memorandum from the supplier confirming a $1,500 allowance regarding the August 2 purchase. 17 Paid for the August 2 purchase, less the allowance

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