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Journalize the following transactions for Rodriguez Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure
Journalize the following transactions for Rodriguez Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. March 4 Sold goods costing $8,400 to Nelson Company for cash, $14,000. March 10 Nelson Company returned undamaged merchandise, purchased on March 4, for a cash refund, $1,780
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