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Matlock Company uses a perpetual inventory system. Its beginning inventory consists of 54 units that cost $37 each. During June, (1) the company purchased 162

Matlock Company uses a perpetual inventory system. Its beginning inventory consists of 54 units that cost $37 each. During June, (1) the company purchased 162 units at $37 each, (2) returned 6 units for credit, and (3) sold 135 units at $54 each. Journalize the June transactions.

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