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Lazzer Company, which uses the perpetual inventory method, engnged in the following transactions: points) March 1 Purchased merchandise on credit from Rivers Company, terms 2/15,
Lazzer Company, which uses the perpetual inventory method, engnged in the following transactions: points) March 1 Purchased merchandise on credit from Rivers Company, terms 2/15, n/30 PO shipping point, $1,000 2 Returned $400 of merchandise to Rivers 3 Paid $500 for office rent for the month. 8 Purchased $800 of merchandise on credit from Sun Co., 2/15, n/30. 9 Withdrew $200 cash for personal use. 10 Sold merchandise on credit to Steven Wong, terms 1/15, n/30, $1,100. Cost of the merchandise was $500. Paid Rivers Company. Steven Wong returned merchandise to us. The selling price was $400 and the cost 15 16 24 25 REQUIRED was $190. Paid Sun Company. Received check from Steven Wong. 5 (36) 1. Prepare general journal entries to record the transactions
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