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Journalize the following transactions for Perez Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. December 10 Purchased goods

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Journalize the following transactions for Perez Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. December 10 Purchased goods from Peterson Company on account, $10,400, terms 1/10, 1/30. December 16 Returned merchandise to Peterson Company that was previously purchased on account, $2,600 December 21 Pald the amount due to Peterson Company. Date Account Title Debit Credit Journalize the following transactions for Perez Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. December 10 Purchased goods from Peterson Company on account, $10,400, terms 1/10, 1/30. December 16 Returned merchandise to Peterson Company that was previously purchased on account, $2,600. December 21 Paid the amount due to Peterson Company. Date Account Title Debit Credit to

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