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Journalize the following transactions that occurred in November for Sam's Adventure Land , assuming the perpetual inventory system is being used. No explanations are needed.
Journalize the following transactions that occurred in November for Sam's Adventure Land assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Sam's Adventure Land estimates sales returns at the end of each month and has a November balance of $ debit in Estimated Returns Inventory and $ credit in Refunds Payable. Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount
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