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Junie B. Corporation (JBC) is a merchandising business that deals in buying and selling high-end jackets. JBC uses a perpetual inventory system to record
Junie B. Corporation (JBC) is a merchandising business that deals in buying and selling high-end jackets. JBC uses a perpetual inventory system to record its transactions. The company estimates a return rate of 6% based on past experience. Listed below are the company's inventory transactions during the month of April. REQUIRED: Journalize the transactions for each item listed below. If no entry is required, please type no entry for the account name and O for the dollar amount which would look like the following: Dr. no entry $0 Cr. no entry $0
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