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Journalizing purchase transactions Consider the following transactions May 8 Purchased $ 1 1 3 , 3 0 0 worth of toys on account with credit
Journalizing purchase transactions
Consider the following transactions
May Purchased $ worth of toys on account with credit terms n
May Returned $ of the merchandise due to damage during shipment
May Paid remainder of amount due, less the return and purchase discount
Journal the transaction
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