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Journalize the following transactions for the buyer, Martinez Company, using the net method to account for purchase discounts. Assume a perpetual Inventory system June 4
Journalize the following transactions for the buyer, Martinez Company, using the net method to account for purchase discounts. Assume a perpetual Inventory system June 4 Purchased goods from Gabrieli Company on account, $7,200, terms 1/10, 1/30 June 10 Returned defective merchandise to Gabriell Company that was previously purchased on account, $1,800. June 14 Paid the amount due to Gabriell Company Date Account Title Debit Credit
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