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Journalize the following transactions for Alexander Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. October 3 Purchased goods
Journalize the following transactions for Alexander Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory
system.
October Purchased goods from Brown Company on account, $ terms
October Returned merchandise to Brown Company that was previously purchased on account, $
October Paid the amount due to Brown Company.
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