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Journalize, without explanations, the following transactions of Laura's Auto Parts, a distributor that uses the periodic inventory system, during the month of June 2 0
Journalize, without explanations, the following transactions of Laura's Auto Parts, a distributor that uses the periodic inventory system, during the month of June :June Purchased $ of inventory under terms of neom and FOB shipping point.June Returned $ of defective merchandise purchased on June June Paid freight bill of $ on June purchase.June Sold inventory for $ collecting cash of $ Payment terms on the remainder were nJune Paid amount owed on credit purchase of June June Granted a sales allowance of $ on the June sale.June Received cash from the June customer in full settlement of the debt.
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