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Make the journal entries for the Johnson Company using perpetual inventory: Johnson Company bought 100 units of inventory for $130 each. Johnson Company returned 20

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Make the journal entries for the Johnson Company using perpetual inventory: Johnson Company bought 100 units of inventory for $130 each. Johnson Company returned 20 units to the supplier Johnson paid the supplier for the purchase. Johnson Company sold 70 of the units for $195 each. Received payment for the units sold

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