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Journalize the following inventory merchandise transactions, assuming that the company uses the perpetual inventory system. Dec. 1 Travis Company purchased merchandise on account from a
Journalize the following inventory merchandise transactions, assuming that the company uses the perpetual inventory system.
| Dec. | 1 | Travis Company purchased merchandise on account from a supplier for $5,700, terms 2/10, net 30. |
| 6 | Travis Company paid for the merchandise within the discount period. |
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
